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Wild Bids Gambling for Resurrection in Procurement Contracts
Calveras, Aleix; Ganuza, Juan José; Hauk, Esther - 2002
This paper analyzes the problem of abnormally low tenders in the procurement process. Limited liability causes firms in … a bad financial situation to bid more aggressively than good firms in the procurement auction. Therefore, it is more …
Persistent link: https://www.econbiz.de/10014117106
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Incomplete contracting and price regulation
Boes, Dieter - University of Bonn, Germany
This paper deals with price regulation of a monopolistic distribution grid which sells a license to some retailer. The regulator aims at attaining efficient sale of the license and efficient relationship-specific investments of the agents. The first best can be attained by a sequential...
Persistent link: https://www.econbiz.de/10004968173
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A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco - 2020
ineffective standard anti-corruption practices, such as whistle-blowing protection policies. We highlight that closing the …
Persistent link: https://www.econbiz.de/10012220065
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A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco - 2021
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012491609
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Effect of Public Procurement Regulation on Competition and Cost-Effectiveness
Tas, Bedri Kamil Onur - 2020
This study empirically investigates the impact of public procurement regulation quality on the competition for tenders … and the cost-effectiveness of awarded contracts, by employing the World Bank's Benchmarking Public Procurement and EuroPAM … Public Procurement quality scores. Using extensive data on public procurement in the European Economic Area, Switzerland, and …
Persistent link: https://www.econbiz.de/10012833404
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Investment and Risk-Taking in Procurement and Regulation
Hubert, Franz - 2003
This note analyses investment and risk-taking in a simple agency model of public regulation/procurement borrowed from …
Persistent link: https://www.econbiz.de/10014094761
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Incomplete contracts and excludable public goods
Bierbrauer, Felix - 2010
We study the provision of an excludable public good to discuss whether the imposition of participation constraints is desirable. It is shown that this question may equivalently be cast as follows: should a firm that produces a public good receive tax revenues, or face a self-financing...
Persistent link: https://www.econbiz.de/10010266956
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On the legitimacy of coercion for the financing of public goods
Bierbrauer, Felix - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10010266972
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On the legitimacy of coercion for the nancing of public goods
Bierbrauer, Felix - 2009
The literature on public goods has shown that e?cient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions e?ciency considerations justify that individuals are forced to pay for...
Persistent link: https://www.econbiz.de/10010333990
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On the legitimacy of coercion for the financing of public goods
Bierbrauer, Felix - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10010279476