Showing 1 - 10 of 10,517
Motivated by the EU concept of Pre-Commercial Procurement and the massivepresence of SMEs in the European economy, we study how budget constraints affect R&D effort in sequential elimination tournaments. We show that introducingbudget constraints leads to a non-monotonicity in unconstrained...
Persistent link: https://www.econbiz.de/10011945832
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This paper studies the long-run impact of procurement discrimination on market structure and future competition in industries where learning-by-doing makes incumbent firms more...
Persistent link: https://www.econbiz.de/10009630098
Motivated by the EU concept of Pre-Commercial Procurement and the massivepresence of SMEs in the European economy, we study how budget constraints affect R&D effort in sequential elimination tournaments. We show that introducingbudget constraints leads to a non-monotonicity in unconstrained...
Persistent link: https://www.econbiz.de/10012894985
A seminal result in the theory of competitive bidding holds that the buyer can lower the expected awarding price of a …
Persistent link: https://www.econbiz.de/10014058807
Division in lots is one of the procurer's most crucial decisions. The number and the size of lots directly influences competition in the tendering process and thereby the procurer's budget and the quality of supply. This paper focuses on the effects the division of procurements into multiple...
Persistent link: https://www.econbiz.de/10014058808
This paper indentifies the two-dimensional relationship that procurement and competition keep. From a ‘market’ perspective, public procurement needs to take place in an environment free from collusion between tenderers, or bid rigging. Public buyers only can achieve value for money if...
Persistent link: https://www.econbiz.de/10014160344
One of the more common rules in federal government procurement is that the Government may describe its needs to the private sector by specifying a “brand name” product, as long as the Government adds the words “or equal” to the brand name and articulates the product’s salient physical,...
Persistent link: https://www.econbiz.de/10014092767
Procuring authorities frequently use screening in order to mitigate risky bids. This study estimates the effect of bid screening and litigation on entry and bidding using a unique data set on highway construction procurement auctions in Poland. The market exhibits a screening method that ex...
Persistent link: https://www.econbiz.de/10014106107
Procuring authorities frequently use screening to mitigate default risk. However, eliminating bidders reduces competition and may discourage entry. This study estimates the effect of screening and litigation using a unique data set on highway construction procurement auctions in Poland. The...
Persistent link: https://www.econbiz.de/10013324374
We investigate the effect of corruption on competition in procurement. Our assumption is that the bureaucrat (i.e., the agent that administers the market), if corrupt, may provide an opportunity for bid readjusments in exchange for a bribe. As firms expect to be paying a bribe, a mechanical...
Persistent link: https://www.econbiz.de/10005357111