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A “low-balling strategy” by bidding contractors has increasingly been recognized as an important issue in public infrastructure procurement. Public works contracts are often imperfect and renegotiated after the contract award. Given the expectation for ex post adjustments, bidders seem...
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competition among British regions for foreign direct investment. This competition has been at its fiercest in the case of a number … debate is centred within discussion of the government proposals for devolution and the prospect of interregional competition …
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This paper proves three theorems on growth and competition in a standard increasing variety endogenous growth model and … draws conclusions for second-best competition policies. First, no growth may be better than some growth, since modest … other. As for competition policy, this implies that growth-enhancing policies maybe misguided and that quick deregulation as …
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This paper analyses the institutional framework for pharmacies in Germany and competition in that sector, which is … characterized by significant competition deficits. Based on our diagnosis and findings the advantages and disadvantages of two …
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