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In this paper, we propose the technological complexity of a product and the level of Intellectual Property Rights (IPRs) protection to be the co-determinants of the mode through which multinational firms purchase their goods. We study the choice between intra-firm trade and outsourcing given...
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We consider a long-term contractual relationship in which a buyer procures a fixed quantity of a product from a supplier and then sells it on the market. The production cost is private information and evolves randomly over time. The solution to this dynamic principal-agent problem involves a...
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and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first …
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also commonly held that the adoption of e-procurement solutions can be effective in pursuing such an objective. To this end …, we analyze the transactions completed in the period 2004-2007 through the Italian Government's e-procurement platform …, that is, the marketplace managed by the Italian Public Procurement Agency (Consip S.p.A.). Although descriptive statistics …
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When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set …. We consider a stylized repeated procurement framework in which a buyer awards a contract over time to two firms with …
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When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …
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