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We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
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The paper studies procurement contracts with pre-project investigations in the presence of adverse selection and moral …
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This paper investigates the relationship between supplier development and procurement performance in the public sector … development and procurement performance. Using cross-sectional data collected from 179 public procuring entities, the main … findings of the study are two-fold. Firstly, the relationship between supplier development and procurement performance in …
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