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Self-correcting mechanisms in public procurement : why award and contract should be separated
Bös, Dieter; Kolmar, Martin - 2000
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper … we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a … post-award, pre-contract rent-seeking activities also increase efficiency. This is always the case if the procurement …
Persistent link: https://www.econbiz.de/10011539673
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Sticks and Carrots in Procurement
Bigoni, Maria - 2014
buyers' offers become more generous. Buyers tend to prefer penalties, which may explain why they are dominant in procurement …
Persistent link: https://www.econbiz.de/10013070449
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Cheap-talk communication in procurement auctions : theory and experiment
Onderstal, Sander; Yang, Yang - 2020
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods … and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the …
Persistent link: https://www.econbiz.de/10012167341
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Cheap-talk Communication in Procurement Auctions : Theory and Experiment
Onderstal, Sander - 2020
In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods … and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the …
Persistent link: https://www.econbiz.de/10012840965
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A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco - 2020
Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a hidden payment (i.e., a bribe). This is because the...
Persistent link: https://www.econbiz.de/10012220065
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Competitive investing equilibrium under a procurement mechanism
Zhang, Heng; Yang, Ming; Bao, Jiye; Gong, Pu - In: Economic modelling 31 (2013), pp. 734-738
Persistent link: https://www.econbiz.de/10009731394
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Access regulation and investment in the next generation networks : a ranking of regulatory regimes
Nitsche, Rainer; Wiethaus, Lars - 2009
This paper analyses how different types of access regulation to next generation networks affect investments and … consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The … access price is a function of investment costs and the regulatory regime. A regime with fully distributed costs or a …
Persistent link: https://www.econbiz.de/10003860957
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How to allocate research (and other) subsidies
Ensthaler, Ludwig; Giebe, Thomas - 2011
A budget-constrained buyer wants to purchase items from a short-listed set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer's problem is to select a subset of maximal quality. Money does not enter the buyer's objective function,...
Persistent link: https://www.econbiz.de/10008936390
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How to allocate research (and other) subsidies
Ensthaler, Ludwig; Giebe, Thomas - 2010
discuss the problem in a detail free setting. -- Mechanism Design ; Subsidies ; Budget ; Procurement ; Knapsack Problem …
Persistent link: https://www.econbiz.de/10008779955
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The role of output reallocation and investment in coordinating environmental markets
Abito, Jose Miguel; Knittel, Christopher R.; … - In: International journal of industrial organization 83 (2022), pp. 1-24
Persistent link: https://www.econbiz.de/10013411011