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It is never too late : optimal penalty for investment delay in Italian public procurement contracts

D'Alpaos, Chiara; Moretto, Michele; Valbonesi, Paola; … - 2009

We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor's value of investment...

Persistent link: https://www.econbiz.de/10008823913

Procurement with unenforceable contract time and the law of liquidated damages

Dosi, Cesare; Moretto, Michele - 2012

Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in this paper is that bidders can undergo unpredictable changes in production costs which generate an option value of waiting. By exploiting the real-option approach, we examine...

Persistent link: https://www.econbiz.de/10009565538

On the benefits of set-asides

Jehiel, Philippe; Lamy, Laurent - 2017

Persistent link: https://www.econbiz.de/10011697114

Taking the lab to the field : experimental tests of alternative mechanisms to procure multiple contracts

Lunander, Anders; Nilsson, Jan-Eric - 2003

The first part of the paper reports the results from a sequence of laboratory experiments comparing the bidding behavior for multiple contracts in three different sealed bid auction mechanisms; first-price simultaneous, first-price sequential and first-price combinatorial bidding. The design of...

Persistent link: https://www.econbiz.de/10011591112

Competitive bidding in drug procurement : evidence from China

Cao, Shengmao; Yi, Xuejie; Yu, Chuan - 2022

Persistent link: https://www.econbiz.de/10012817421

Accountability in complex procurement tenders

Caillaud, Bernard; Lambert-Mogiliansky, Ariane - 2017

Persistent link: https://www.econbiz.de/10011695101

Intellectual property rights in the EU pre-commercial procurement for innovation

Dimitri, Nicola - 2018

Persistent link: https://www.econbiz.de/10011883173

Cost-containment policies in healthcare sector : the example of ESTAV in Tuscany

Riganti, Andrea - 2017

Persistent link: https://www.econbiz.de/10011770266

When can lotteries improve public procurement processes?

Estache, Antonio; Foucart, Renaud; Serebrisky, Tomás - 2022

We study the potential benefits of adding a lottery component to cut the main risks associated with standard negotiated and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first negotiate with a small number of bidders to assess their...

Persistent link: https://www.econbiz.de/10014493870

Frugal innovation in Germany : a qualitative analysis of potential socio-economic impacts

Tiwari, Rajnish; Fischer, Luise; Kalogerakis, Katharina - 2017

, especially between the developing and the developed world. In this paper we present the results of a trend analysis in Germany … discussing the relevance of frugal innovation for Germany. These insights were then verified in 20 semi-structured interviews … predicted a trend towards frugal solutions in Germany due to a complex interplay of various factors. One notable factor was a …

Persistent link: https://www.econbiz.de/10011627187

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