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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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Procurement Tools for AI Regulation by Contract. Not the Sharpest in the Shed
Sanchez-Graells, Albert - 2023
focus is now put on the procedural and substantive procurement tools that could be used for AI regulation by contract to … procurement that could be activated to create or enforce digital regulation requirements. It primarily seeks to ascertain whether … procurement tools could effectively operationalise digital regulation goals without simply transferring regulatory decisions to …
Persistent link: https://www.econbiz.de/10014260443
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It is never too late : optimal penalty for investment delay in Italian public procurement contracts
D'Alpaos, Chiara; Moretto, Michele; Valbonesi, Paola; … - 2009
We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor's value of investment...
Persistent link: https://www.econbiz.de/10008823913
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Government spending composition in a simple model of Schumpeterian growth
Wiederhold, Simon - 2009
This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy's rate of technological change. We incorporate results of...
Persistent link: https://www.econbiz.de/10003924192
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Auctions vs. negotiations : the case of favoritism
Gretschko, Vitali; Wambach, Achim - 2012
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer's preferences and may collude with one of the sellers. We provide a precise...
Persistent link: https://www.econbiz.de/10009689581
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Discrimination in dynamic procurement design with learning-by-doing
Barbosa, Klenio; Boyer, Pierre C. - 2012
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This paper studies the long-run impact of procurement discrimination on market structure and future competition in industries where learning-by-doing makes incumbent firms more...
Persistent link: https://www.econbiz.de/10009630098
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Procurement and predation : dynamic sourcing from financially constrained suppliers
Arve, Malin - 2013
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 considering a dynamic setting, both present and future...
Persistent link: https://www.econbiz.de/10010200427
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An Economic Analysis of Debarment
Auriol, Emmanuelle - 2015
With a view to reducing the consequences of corruption in public procurement, many governments have introduced debarment of suppliers found guilty of corruption and some other forms of crime. This paper explores the market effects of debarment on public procurement. Debarment is found to make...
Persistent link: https://www.econbiz.de/10013015220
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'It Is Never Too Late' : Optimal Penalty for Investment Delay in Italian Public Procurement Contracts
D'Alpaos, Chiara - 2009
We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor's value of investment...
Persistent link: https://www.econbiz.de/10013155078
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Public Procurement in Times of Crisis : The Bundling Decision Reconsidered
Schmitz, Patrick W. - 2019
The government wants two tasks to be performed. In each task, unobservable effort can be exerted by a wealth-constrained private contractor. If the government faces no binding budget constraints, it is optimal to bundle the tasks. The contractor in charge of both tasks then gets a bonus payment...
Persistent link: https://www.econbiz.de/10012891764