Showing 1 - 10 of 2,121
We exploit a new dataset based on EU procurement award notices to investigate the relationship between the degree of … centralization of public procurement and its performance. We focus on the case of Italy, where all levels of government, along with a … number of other public institutions, are involved in procurement and are subject to the same EU regulation. We find that i …
Persistent link: https://www.econbiz.de/10011771676
US federal agency, we investigate how officer workload impacts innovation procurement outcomes. Unanticipated retirement …
Persistent link: https://www.econbiz.de/10014431269
We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …
Persistent link: https://www.econbiz.de/10009765519
In many auctions, the auctioneer is an agent of the seller. This invites corruption. We propose a model of corruption in which the auctioneer orchestrates bid rigging by inviting a bidder to either lower or raise his bid, whichever is more profitable. We characterize equilibriumbidding in first-...
Persistent link: https://www.econbiz.de/10010370526
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …
Persistent link: https://www.econbiz.de/10011447525
In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects bidding, and how it altogether changes the revenue ranking...
Persistent link: https://www.econbiz.de/10011397659
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is beneficial because of the resulting option value. An auction induces the social optimum, while a...
Persistent link: https://www.econbiz.de/10011297657
Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector …
Persistent link: https://www.econbiz.de/10011386002
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...
Persistent link: https://www.econbiz.de/10011410264
We empirically investigate the effect of procurement oversight on contract outcomes. In particular, we stress a …
Persistent link: https://www.econbiz.de/10011918341