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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...
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the only means by which the integrity of such procurement processes can be undermined; individuals with purchasing …
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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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To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions …
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delay. Using a large dataset on Italian public procurement, we then study empirically the effects of court inefficiency on …
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