where learning-by-doing makes incumbent firms more efficient over time. We consider a sequential procurement design problem …

A seminal result in the theory of competitive bidding holds that the buyer can lower the expected awarding price of a … procurement contract by setting a reserve price below her opportunity cost for realizing the project. In this paper, we first …

over time, and thereby the number of participants to future procurements. We show that sometimes strong competition today …

the incentives for cartel participants to compete and cheat on any tacit or explicit cartel agreement to capture market … power I nevertheless review the changes in contract terms that LE describes as evidence of abuse of market power between … producers’ incomes have fallen; and2) Scope widening: or claims the rights transferred to buyers by contract has widened to …