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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...
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Savings of Public Procurement; Corruption and Probity in Public Procurement and Public Procurement and International Trade …
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15 per cent of GDP in OECD countries and is highly exposed to corruption. Both public and private actors in the …” in the public procurement process where the risk of corruption is high, to explore the best ways of improving … transparency and accountability and to identify effective actions to prevent, detect and sanction corruption in this field, the …
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