Showing 1 - 10 of 2,705
Based on my recent work with several co-authors this paper explores the relationship between discretion, reputation …, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for … accountability and trade reasons. In Europe regulation constrains the use of past performance information to select contractors while …
Persistent link: https://www.econbiz.de/10012110641
, appropriately designed reputation mechanisms actually stimulate entry. Since quality increases but not prices, our data also suggest …This paper reports results from a laboratory experiment exploring the relationship between reputation and entry in … in private procurement, may hinder entry by new (smaller or foreign) firms in public procurement markets. Our results …
Persistent link: https://www.econbiz.de/10012110648
subjectively perceived quality of service. We estimate how procurement from private providers affects these measures using a … difference-in-difference approach. The results indicate that procurement significantly increases non-contractible quality as …Many quality dimensions are hard to contract upon and are at risk of degradation when services are procured rather than …
Persistent link: https://www.econbiz.de/10012110646
When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set … opportunistically delivering lower quality standards. In order to deter ex post moral hazard, buyers may use different strategies … depending on the extent to which quality dimensions are contractible, that is, verifiable by contracting parties and by courts …
Persistent link: https://www.econbiz.de/10010270926
This paper analyzes a procurement setting with two identical firms and stochastic innovations. In contrast to the … previous literature, I show that a procurer who cannot charge entry fees may prefer a fixed-prize tournament to a first …
Persistent link: https://www.econbiz.de/10010263592
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10014296625
When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …
Persistent link: https://www.econbiz.de/10011325015
Based on the literature on public procurement regulation, we use an Agent-Based Model to assess the performance of … different selection procedures. Specifically, we aim at investigating whether and how the inclusion of reputation of firms in … the public procurement selection process affects the final cost of the contract. The model defines two types of actors: i …
Persistent link: https://www.econbiz.de/10012060634
resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are …
Persistent link: https://www.econbiz.de/10010281926
on AM in the field of industrial procurement remains scarce. This is surprising, given that AM is not only changing … traditional procurement categories and creating new ones (comprising printers, powder raw materials, data and the associated … (transport, stocks) of supply chains. In addition, AM may resurrect the old procurement question of ‘make or buy’. Current …
Persistent link: https://www.econbiz.de/10014504236