We consider the problem faced by a procurement agency that runs a mechanism for constructing an assortment of … differentiated products with posted prices, from which heterogeneous consumers buy their most preferred alternative. Procurement … take this form. When choosing the assortment, the procurement agency must optimize the tradeoff between offering a richer …

I study a model of procurement with moral hazard and adverse selection. The procurer is either corrupt or honest and … can choose between sole-sourcing and competitive tender. I compare two procurement regulations: no sole-sourcing is … the gain to corruption is big, a flexible procurement regulation may be better than a rigid procurement regulation. If the …

We study the design of sequential procurement strategies that integrate stochastic and strategic information. We …