Contracts between entities within the public sector are exempt from public procurement rules if they meet the requirements set out in Article 12 of Directive 2014/24.The ECJ’s judgement in case C-295/05 (Asemfo) left unanswered the issue of how deeply Competition law applies to in-house...

Contracts involving promises to commit criminal acts are ordinarily unenforceable. Yet nonenforcement does not fully deter incentives to form criminal agreements. This Article demonstrates that partial enforcement can generate greater deterrence incentives by disrupting the trust relationship...

No–poaching clauses (NPCs) have recently come under scrutiny due to their potentially anti–competitive impact on wages. However they can also enhance efficiency. We use data from the US chain restaurant industry to assess the effect of such clauses on wages and we find robust evidence of a...

The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring incumbents) benefit from a cost advantage. The paper first compares the outcome of staggered and synchronous tenders, before drawing the implications for market design. We find that...

I analyze a simple model of hold-up with asymmetric information at the contracting stage. I show that contractual signalling and efficiency of investment can conflict if only quantity is contractible. This is because contracted quantity encourages investment in the relationship but also signals...