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Self-correcting mechanisms in public procurement : why award and contract should be separated
Bös, Dieter; Kolmar, Martin - 2000
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper … we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a … post-award, pre-contract rent-seeking activities also increase efficiency. This is always the case if the procurement …
Persistent link: https://www.econbiz.de/10011539673
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Strategic defection in bilateral trade
Lülfesmann, Christoph - 2001
The paper studies a generic bilateral trade model with relationship-specific investments. Only the seller invests, and subsequent trade becomes inefficient if his investments are too low. We show that the seller may defect strategically under a fixed-price contract even though he attains any...
Persistent link: https://www.econbiz.de/10011540062
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Benevolent government, managerial incentives, and the virtues of privatization
Lülfesmann, Christoph - 2002
We show that privatization can be beneficial even if the government is rational and benevolent, and if the firm's economic and informational environment is independent of the governance structure. The model assumes that wage contracts between the firm's owner (government or private entrepreneur)...
Persistent link: https://www.econbiz.de/10011597691
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Bureaucrats and public procurement
Bös, Dieter - 2001
This paper deals with a Niskanen type of public-procurement agency. It is shown that the procurement game should be … which refers to both investment and production. Welfare-optimal procurement of the project can be attained under relatively …
Persistent link: https://www.econbiz.de/10011399307
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Bureaucratic frictions and innovation procurement
Giuffrida, Leonardo M.; Raiteri, Emilio - 2023
US federal agency, we investigate how officer workload impacts innovation procurement outcomes. Unanticipated retirement …
Persistent link: https://www.econbiz.de/10014431269
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Organizing competition for the market
Iossa, Elisabetta; Rey, Patrick; Waterson, Michael - 2019
The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring incumbents) benefit from a cost advantage. The paper first compares the outcome of staggered and synchronous tenders, before drawing the implications for market design. We find that...
Persistent link: https://www.econbiz.de/10012414922
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Investment and Risk-Taking in Procurement and Regulation
Hubert, Franz - 2003
This note analyses investment and risk-taking in a simple agency model of public regulation/procurement borrowed from …
Persistent link: https://www.econbiz.de/10014094761
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Does Buyer Discretion Facilitate Home Bias in Procurement? Cross-Border Procurement of Medical Supplies under COVID-19
Hanspach, Philip - 2021
International public procurement sees low shares of cross-border purchases despite agreements against national …-border procurement. The effects are economically large, as deregulation (a one-standard deviation increase in infection rates) increases …
Persistent link: https://www.econbiz.de/10013310311
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Political Contestability and Public Contract Rigidity : An Analysis of Procurement Contracts
Beuve, Jean - 2018
product, we compare procurement contracts in which the procurer is either a public administration or a private corporation. We …
Persistent link: https://www.econbiz.de/10012936441
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Political Contestability and Contract Rigidity : An Analysis of Procurement Contracts
Beuve, Jean - 2016
We compare procurement contracts where the procurer is either a public agent or a private corporation. Using …
Persistent link: https://www.econbiz.de/10013006106