Showing 1 - 10 of 10,939
. -- corruption ; auctions ; negotiations ; public procurement …
Persistent link: https://www.econbiz.de/10009689581
Under what circumstances does corruption cause inefficiencies, and when are bribes merely a transfer? I propose a … modified monopoly price discrimination model showing how corruption may lead to an increased administrative burden in firm …’s predictions I find that corruption leads to increased administrative burden when government officials have less information about …
Persistent link: https://www.econbiz.de/10014351316
We build a principal-agent-client model of corruption, allowing for heterogeneity in the value of public projects …, and thereby facilitate their corruption, by means of public displays of wealth. While such public displays reduce the …
Persistent link: https://www.econbiz.de/10014167757
In a public procurement setting, we discuss the desirability of completing contracts with state-contingent clauses providing for monetary compensations to the contractor when revenue shocks occur. Realized shocks are private information of the contractor and this creates agency costs of...
Persistent link: https://www.econbiz.de/10013050659
In a public procurement setting, we discuss the desirability of completing contracts with state-contingent clauses providing for monetary compensations to the contractor when revenue shocks occur. Realized shocks are private information of the contractor and this creates agency costs of...
Persistent link: https://www.econbiz.de/10013054426
Persistent link: https://www.econbiz.de/10011811971
Persistent link: https://www.econbiz.de/10011944746
citizens. -- Mass Media ; Corruption ; Selection and Discipline of Politicians …
Persistent link: https://www.econbiz.de/10003931041
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer s preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10010342227
's key predictions in a laboratory experiment. The model's predictions are largely borne out - transparency negatively … under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts. …
Persistent link: https://www.econbiz.de/10010516456