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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
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
and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that …
Persistent link: https://www.econbiz.de/10012672144
procurement. Our identification strategy leverages a legislative change in Italy that mandated centralized purchases for a sub …
Persistent link: https://www.econbiz.de/10012618050
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
improvement and introduction of innovations, this text offers information on defense procurement recently undertaken and analyzes …
Persistent link: https://www.econbiz.de/10012056856
procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory … buyer. These results support and generalize findings on sales auctions. However, not all of our findings on procurement … auctions mirror findings on sales auctions. Bidders overbid in sealed-bid procurement auctions, which does not mirror the …
Persistent link: https://www.econbiz.de/10012150725
The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …
Persistent link: https://www.econbiz.de/10011762526
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award …
Persistent link: https://www.econbiz.de/10011762813
in the context of the US government’s procurement of R&D. We link tender, contract, patent, and office records to the … identity of the officer responsible for the procurement process to estimate how workload in the federal acquisition unit … officer is exposed to a declining workload. In our sample, an additional contracting officer in the procurement unit, holding …
Persistent link: https://www.econbiz.de/10012596749