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procurement outcomes in a large database for public works in Italy. Works with a value above a given threshold have to be awarded … that the same firm wins repeatedly, and it does not deteriorate (and may improve) the procurement outcomes we observe. The …
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In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...
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