Showing 1 - 10 of 120
question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …
Persistent link: https://www.econbiz.de/10012143373
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
Persistent link: https://www.econbiz.de/10012105660
We empirically investigate the effect of procurement oversight on contract outcomes. In particular, we stress a …
Persistent link: https://www.econbiz.de/10011918702
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …
Persistent link: https://www.econbiz.de/10012389768
paper, we present evidence from an actual procurement cartel uncovered during an anticollusion investigation that reconciles …
Persistent link: https://www.econbiz.de/10012300773
procurement. Our identification strategy leverages a legislative change in Italy that mandated centralized purchases for a sub …
Persistent link: https://www.econbiz.de/10012625060
and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that …
Persistent link: https://www.econbiz.de/10012698586
We study competitive awarding procedures of short haul railway passenger services in Germany from 1995 to 2011 by means of a newly collected data set. In particular, we use regression techniques to investigate the determinants of the number of bidders, the identity of the winning bidder and the...
Persistent link: https://www.econbiz.de/10010311600
. I also quantify the impact that coordinating head-to-head competition has on procurement costs. My focus is on the two … largest rms bidding in provincial road paving procurement auctions in Quebec between 2007 and 2015. I use the police … suggests that there were additional procurement costs associated with firms coordinating on the degree of head …
Persistent link: https://www.econbiz.de/10012142183
procurement auction formats can take advantage of bidders' willingness-to-pay-willingness-to-accept disparity. In a laboratory … buyer. These results support and generalize findings on sales auctions. However, not all of our findings on procurement … auctions mirror findings on sales auctions. Bidders overbid in sealed-bid procurement auctions, which does not mirror the …
Persistent link: https://www.econbiz.de/10012151180