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The paper studies a generic bilateral trade model with relationship-specific investments. Only the seller invests, and subsequent trade becomes inefficient if his investments are too low. We show that the seller may defect strategically under a fixed-price contract even though he attains any...
Persistent link: https://www.econbiz.de/10011540062
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …
Persistent link: https://www.econbiz.de/10010496962
Persistent link: https://www.econbiz.de/10010418915
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...
Persistent link: https://www.econbiz.de/10012105726
Persistent link: https://www.econbiz.de/10013369281
also commonly held that the adoption of e-procurement solutions can be effective in pursuing such an objective. To this end …, we analyze the transactions completed in the period 2004-2007 through the Italian Government's e-procurement platform …, that is, the marketplace managed by the Italian Public Procurement Agency (Consip S.p.A.). Although descriptive statistics …
Persistent link: https://www.econbiz.de/10008700099
This paper studies the interaction between financially constrained and financially strong firms on a procurement market …. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By …
Persistent link: https://www.econbiz.de/10010200427
We compare two procurement mechanisms, bundling and unbundling, in a two-stage auction model with risk-averse suppliers …
Persistent link: https://www.econbiz.de/10013099394
procurement performance, given each PB's ability. Our results highlight that reduced PBs' discretion - in presence of mandatory …
Persistent link: https://www.econbiz.de/10012900722
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry …
Persistent link: https://www.econbiz.de/10013024680