Showing 1 - 10 of 457
We provide a positive analysis of the equilibrium bidding and bribing strategies with and without corruption in a first-price, sealed-bid, procurement auction with two-dimensional-type bidders. With corruption, we assume that the quality of the bidders are unobservable and non-contractible...
Persistent link: https://www.econbiz.de/10012720196
We compare beauty contests with first-price sealed-bid and scoring auctions, using data on public procurement of … higher price sensitivity of procurement bureaucrats in scoring (and first-price) auctions. There is more entry in beauty … contests, by firms favored in them. Reduced entry into the scoring and price only auctions largely explains why the procurement …
Persistent link: https://www.econbiz.de/10013028436
Corruption is widely spread across the world and is believed to affect economic growth negatively. It is most persistent in the developing countries. Russian economy is not an exception. Significant losses are also reported in public procurement in Russia due to corruption. Unfortunately, to...
Persistent link: https://www.econbiz.de/10013043514
We propose a non-sequential search model with a continuum of consumers and a finite number of firms. Both consumers and firms are heterogeneous. Consumers differ in search costs. Firms have private marginal costs of production. We show that an equilibrium price dispersion can arise in this model...
Persistent link: https://www.econbiz.de/10012956396
To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions …,000 auctions in Austria in the time period 2006 until 2009. Our main results show that the winning firm significantly increases …
Persistent link: https://www.econbiz.de/10011854110
Persistent link: https://www.econbiz.de/10012197555
Disputes over penalties for breach of contract are often solved in court. A simple model shows how inefficient courts may induce public buyers to refrain from enforcing penalties for late delivery to avoid litigation, inducing sellers to delay. Using a large dataset on Italian public...
Persistent link: https://www.econbiz.de/10013050577
Over ten years after the launching of the Single Market the EC?s directives aimed to the liberalization of government procurement remain largely unimplemented. This paper analyses the consequences on the pattern of specialization, on welfare and on income inequalities of the persistence of a...
Persistent link: https://www.econbiz.de/10014077359
We estimate the causal real economic effects of a randomized anticorruption crackdown on local governments in Brazil over the period 2003-2014 using rich micro-data on corruption and firms. After anti-corruption audits, municipalities experience an increase in economic activity concentrated in...
Persistent link: https://www.econbiz.de/10012854549
In this study, we investigate the correlation between corruption risk and the level of education in European sub-national regions (NUTS2 level) between 2006 and 2020 in 16 member countries. We use the data of Tenders Electronic Daily (TED) covering the parameters of 6,766,274 public procurement...
Persistent link: https://www.econbiz.de/10014452501