Motivated by the EU concept of Pre-Commercial Procurement and the massivepresence of SMEs in the European economy, we study how budget constraints affect R&D effort in sequential elimination tournaments. We show that introducingbudget constraints leads to a non-monotonicity in unconstrained...

Mit dem Kabinettsbeschluss zur "Optimierung öffentlicher Beschaffungen" hat die Bundesregierung im Dezember 2003 den Grundstein gelegt, die öffentliche Beschaffung verstärkt an betriebswirtschaftlichen Maßstäben auszurichten. Die Beschaffung von Standardgütern erfolgt seitdem gebündelt...

Consider a buyer who would like to procure certain products for the current period and the underlying technologies so that he can become a supplier and compete with current suppliers in the future market. One potential procurement mechanism for such a buyer is to bundle the procurement project...