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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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.S. enforcement actions and those of other jurisdictions across the globe targeting bid-rigging cartels and resulting in substantial … by such cartels is perhaps most keenly felt by government entities in emerging markets with limited budgets to develop … 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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den nominalen Zinssatz als auch zusätzliche Transaktionskosten umfasst, werden die Determinanten der Kreditkosten … die Wirkung der staatlichen Zinssubventionierung durch gesteigerte Transaktionskosten und adverse Selektion von …
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Public support of research typically relies on the notion that universities are engines of economic development, and that university research is a primary driver of high wage localized economic activity. Yet the evidence supporting that notion is based on aggregate descriptive data, rather than...
Persistent link: https://www.econbiz.de/10011517698
delay. Using a large dataset on Italian public procurement, we then study empirically the effects of court inefficiency on …
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