Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms with an elevated risk of cartelization. We argue that customers of hard core cartels can have both incentives and possibilities to detect such agreements on their own initiative...

Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...

Die Implementierung umfassender Kontrollmechanismen und die in gleicher Weise effektive wie effiziente Überwachung von Kontrollen stellt für Unternehmen heute eine gleichermaßen aktuelle wie dringliche Herausforderung dar. Durch den Umfang der heutigen IT-Unterstützung der Geschäftsprozesse...

Die Implementierung umfassender Kontrollmechanismen und die in gleicher Weise effektive wie effiziente Überwachung von Kontrollen stellt für Unternehmen heute eine gleichermaßen aktuelle wie dringliche Herausforderung dar. Durch den Umfang der heutigen IT-Unterstützung der Geschäftsprozesse...

Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms with an elevated risk of cartelization. We argue that customers of hard core cartels can have both incentives and possibilities to detect such agreements on their own initiative...

We study a sourcing problem faced by a firm that seeks to procure a product or a component from a pool of alternative suppliers. The firm has a preference ordering of the suppliers based on factors such as their past performance, quality, service, geographical location and financial strength,...

The advantage of multiple sourcing to protect against supplier failures arising from undependable products due to latent defects is examined using a model with non-linear external failure costs. Prior research has focused only on supplier failures arising from unreliable supply, such as...

Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky, and market outcomes volatile. If bidders deviate from risk neutral best responses, either due to faulty optimization or risk attitudes, then equilibrium predictions can perform...

Fragmentation of production into more and more complex supply chains is a prominent feature of globalization. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...

This short history describes the evolution of procurement in the building and construction industry, from the early modern system of craft production in the seventeenth and eighteenth centuries to the emergence of the general contractor and the professions with modern methods of procurement in...