implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …

Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector … as well as theory have shown that they can attract skewed/unbalanced bids, i.e. bids where the price structure is …

theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of …