Competitive bidding (CB) is the dominant governmental contracting mechanism by which hundreds of billions of dollars are allocated annually. We claim that when bid evaluators assess the qualitative components of competing bids while being exposed to the bid prices, a systematic bias occurs that...

The article addresses the question of who should bear the costs of a criminal proceeding resulting in an acquittal. A criminal proceeding involves a large number of costs - both financial and emotional, generally born by the defendant, regardless of the trial’s outcome. This article argues...

Bankruptcy auctions have become a preferred practice in bankruptcy, frequently used to maximize the value of the distressed assets for the claimants’ benefit. Still, what is the optimal design of a bankruptcy auction? Does the method used to execute a bankruptcy auction matter at all? Does one...

One of the main issues that arises in the context of competitive public procurement is the treatment of a defective bid. Under current law, such bids will be rejected more often than not, and can be ignored without sanction only in exceptional cases – when the flaw is merely "formal". The...

Each year, the federal, state and local governments conduct transactions worth hundreds of billions of dollars, through contracts that are awarded as a result of a competitive bidding process. While competitive bidding procurement mechanisms have given rise to ample literature and research in...