Similar Search Results

Incomplete contracts in dynamic procurement

Gretschko, Vitali; Pollrich, Martin - 2019

We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...

Persistent link: https://www.econbiz.de/10012105726

Bureaucratic competence and procurement outcomes

Decarolis, Francesco; Giuﬀrida, Leonardo; Iossa, … - 2019

question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …

Persistent link: https://www.econbiz.de/10012134471

Split-award auctions and supply disruptions

Fugger, Nicolas; Laitenberger, Ulrich - 2020 - This version: December 21, 2020

that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …

Persistent link: https://www.econbiz.de/10012388963

Ex-post optimal knapsack procurement

Jarman, Felix; Meisner, Vincent - 2017

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...

Persistent link: https://www.econbiz.de/10011697176

Auctions versus negotiations : the effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: January 29, 2017

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If …

Persistent link: https://www.econbiz.de/10011596132

Sequential procurement with limited commitment

Fugger, Nicolas; Gretschko, Vitali; Pollrich, Martin - 2019

We analyze the problem of a buyer who chooses a supplier for a long-term relationship via an auction. The buyer lacks commitment to not renegotiate the terms of the contract in the long run. Thus, suppliers are cautious about the information revealed during the auction. We show theoretically and...

Persistent link: https://www.econbiz.de/10012055608