Showing 1 - 10 of 5,241
Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This … paper focuses on indirect savings. Public administrations that do not procure directly through a central procurement agency …
Persistent link: https://www.econbiz.de/10013542947
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …
Persistent link: https://www.econbiz.de/10010334102
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …
Persistent link: https://www.econbiz.de/10003935696
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
Persistent link: https://www.econbiz.de/10012861559
Collusion likely has adverse effects on social welfare. In this paper, we study collusion in the e-procurement market …
Persistent link: https://www.econbiz.de/10013222740
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading …
Persistent link: https://www.econbiz.de/10012715281
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 efficient over time. We consider a sequential procurement design problem …
Persistent link: https://www.econbiz.de/10013315854
The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …
Persistent link: https://www.econbiz.de/10011762526
procurement contract by setting a reserve price below her opportunity cost for realizing the project. In this paper, we first … interdependence among suppliers' production costs and the risk of collusion in the procurement market. The paper also discusses how … the buyer can foster the participation of new entrants or Small and Medium Enterprises in the procurement market …
Persistent link: https://www.econbiz.de/10014058807
market structure and procurement design. We discuss the relationship between the number of lots, participation, competition …, and potential collusion in competitive procurement, and propose two simple indices that allow to evaluate how competition … the level of competition in the long run. We discuss how current procurement design may affect entry and exit of firms …
Persistent link: https://www.econbiz.de/10014058808