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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

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

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

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

Evolution and critique of buffer stocking policy of India

Saini, Shweta; Kozicka, Marta - 2014

India's economic standing and its policy landscape have come a long way since the 1943 Bengal famine. History saw …-scarce, food-importing country, India has emerged as a grain-surplus and a net grain-exporting country. The production base is … in the godowns of the Food Corporation of India (FCI) and its nominated state agencies, raising questions about the …

Persistent link: https://www.econbiz.de/10010404643

Transparency in government procurement

Hoda, Anwarul (contributor); Bansal, Suchi (contributor) - 2004

Persistent link: https://www.econbiz.de/10002583812

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

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 law to adopt competitive procedures to ensure transparency and promote full competition. Recent theoretical literature, however, suggests that open competition can perform poorly...

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

Can a pay-for-performance program help the vulnerable find jobs during a pandemic? : experimental evidence from Empleate in Colombia

Gómez, María Fernanda; González-Velosa, Carolina - 2023

During a period of COVID-19-induced job losses and mobility restrictions, the government of Colombia's launched Empléate, an innovative Pay-for-performance (P4P) program that targeted impoverished and vulnerable workers. Empléate operated at a national scale and had a novel financial...

Persistent link: https://www.econbiz.de/10014457872

Macroeconomic effects of an energy saving policy in the public sector

Quirion, Philippe - 2002

Nearly all the macroeconomic literature on environmental policies deals with taxes and tradable permits. A policy instrument that still needs to be looked at is a switch in government expenditure away from environmentally-damaging goods, in particular fossil fuels, and toward resource- and...

Persistent link: https://www.econbiz.de/10011596305

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