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Reforming SOEs in Asia : lessons from competition law and policy in India
Singh, Vijay Kumar - 2019
India is one of the most significant countries of Asia, particularly in terms of its population and growing economy and … markets. India has rapidly moved from a 'command and control' economy to free-market principles, and in this regard, one of … 'enterprise' to include government departments engaged in economic activity. The Competition Commission of India (CCI) has …
Persistent link: https://www.econbiz.de/10012137042
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Holdups, quality choice, and the Achilles' heel in government contracting
Bös, Dieter; Lülfesmann, Christoph - 2001
This paper investigates a procurement relationship between a welfare-oriented government and a private supplier. The agents face several versions of the trading good which differ in quality and production costs, and the differences between those items are undescribable ex ante. In presence of...
Persistent link: https://www.econbiz.de/10011539057
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Procurement with unenforceable contract time and the law of liquidated damages
Dosi, Cesare; Moretto, Michele - 2012
Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in this paper is that bidders can undergo unpredictable changes in production costs which generate an option value of waiting. By exploiting the real-option approach, we examine...
Persistent link: https://www.econbiz.de/10009565538
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Cost uncertainty and time overruns in public procurement : a scoring auction for a contract with delay penalties
Dosi, Cesare; Moretto, Michele - 2017
Drawing on the real-options theory we analyse bidding behaviour in a sealed-bid-first-score procurement auction where suppliers, facing variable production costs, must simultaneously report the contract price and the cost level at which they intend to perform the project. We show that this award...
Persistent link: https://www.econbiz.de/10011599251
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Caste, courts and business
Chakraborty, Tanika; Mukherjee, Anirban; Saha, Sarani; … - 2021
We study the role of formal institutions of contract enforcement in facilitating investments in small and medium firms(MSME). In a framework where established entrepreneurs can enforce contracts informally using their network ties and hierarchical advantage, we argue that an efficient formal...
Persistent link: https://www.econbiz.de/10012622852
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Caste, courts and business
Chakraborty, Tanika; Mukherjee, Anirban; Saha, Sarani; … - 2022
We study the role of formal institutions of contract enforcement in facilitating investments in small and medium firms(MSME). In a framework where established entrepreneurs can enforce contracts informally using their network ties and hierarchical advantage, we argue that an efficient formal...
Persistent link: https://www.econbiz.de/10012806063
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Intended and unintended consequences of mandatory IFRS adoption : a review of extant evidence and suggestions for future research
Brüggemann, Ulf; Hitz, Jörg-Markus; Sellhorn, Thorsten - 2012
This paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly...
Persistent link: https://www.econbiz.de/10009487334
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Energy taxes and natural gas demand in EU-countries
Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2001
Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters. Traditional tax incidence theory presumes spot...
Persistent link: https://www.econbiz.de/10011399311
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Can network effects impede optimal contracting in debt securities? conference paper
Engert, Andreas; Hornuf, Lars - 2013
We examine network effects as an impediment to optimal financial contracting. In devising the terms of their transaction, the parties may prefer to conform to a market standard rather than matching their own contracting needs. To study this possibility, we investigate choice of contract law...
Persistent link: https://www.econbiz.de/10010340549
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Opportunistic termination
Stremitzer, Alexander - 2008
If a seller delivers a good non-conforming to contract, European and US warranty law allows consumers to choose between some money transfer and termination. Termination rights are, however, widely criticized, mainly for fear that the buyer may use non-conformity as a pretext for getting rid of a...
Persistent link: https://www.econbiz.de/10010365843