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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

Equilibrium in scoring auctions

Asker, John; Cantillon, Estelle - 2004

This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using … kinds of results. First, we characterize the set of equilibria in quasi-linear scoring auctions with multi-dimensional types …. In particular, we show that there exists a mapping between the class of equilibria in these scoring auctions and those in …

Persistent link: https://www.econbiz.de/10011607201

Cost uncertainty and time overruns in public procurement : a scoring auction for a contract with delay penalties

Dosi, Cesare; Moretto, Michele - 2017

Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where suppliers, facing variable production costs, must simultaneously report the contract price and the cost level at which they intend to perform the project. We show that this award...

Persistent link: https://www.econbiz.de/10011599251

The determinants of suppliers' performance in e-procurement : evidence from the Italian government's e-procurement platform

Albano, Gian Luigi; Dini, Federico; Zampino, Roberto; … - 2008

Participation of small businesses in the market for public contracts is widely recognized as a key policy issue. It is 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...

Persistent link: https://www.econbiz.de/10008700099

Time overruns as opportunistic behavior in public procurement

D'Alpaos, Chiara; Moretto, Michele; Valbonesi, Paola; … - 2012

This paper considers the supplier's strategic delivery lead time in a public procurement setting as the result of the firm's opportunistic behaviour on the optimal investment timing. In the presence of uncertainty on construction costs, we model the supplier's option to defer the contract's...

Persistent link: https://www.econbiz.de/10009634269

Auctioning monopoly franchises : award criteria and service launch requirements

Moretto, Michele; Dosi, Cesare - 2009

the concessioning conditions. -- Concessions ; Auctions ; Award criteria ; Service Rollout Time limits …

Persistent link: https://www.econbiz.de/10008810289

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

More information, lower price? : access to market-based reference prices and gains in public procurement efficiency

Martinez-Carrrasco, José; Conceição, Otávio Canozzi; … - 2023

The paper examines the impact of providing market-based reference prices on public procurement efficiency in Brazil. Specifically, the study focuses on the State Secretariat of Health (SES) in Rio Grande do Sul and the algorithm developed by the local tax administration to calculate...

Persistent link: https://www.econbiz.de/10014461496

Bidding for complex projects : evidence from the acquisitions of IT services

Albano, Gian Luigi; Dini, Federico; Zampino, Roberto - 2008

Competitive bidding (as auctions) is commonly used to procure goods and services. Public buyers are often mandated by … suppliers' bidding behavior in procurement auctions for complex IT services, we find results that are consistent with theory. We … scoring rule and by the level of expected competition. These results might suggest that (scoring) auctions fail to …

Persistent link: https://www.econbiz.de/10008798524

Auctioning vs. grandfathering in cap-and-trade systems with market power and incomplete information

Alvarez González, Francisco; André, Francisco J. - 2013

We compare auctioning and grandfathering as allocation mechanisms of emission permits when there is a secondary market with market power and the firms have private information. Based on real-life cases such as the EU ETS, we consider a multi-unit, multi-bid uniform auction, modelled as a...

Persistent link: https://www.econbiz.de/10010226080