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handicap ensures the existence of a relational contract under which the buyer selects the more efficient firm and pays it a …-enforcing relational contract entails an handicap which is closer to the difference between the firms' specific-cost, the lower is the …
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Public contracting has become an increasingly important form of administrative action, so much that the modern state has been characterized as a ‘contracting state.' Yet, while public contracting increasingly takes place in globalized markets, the law governing it has been understood...
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The starting point of this contribution is the contractual character of public procurement and how contract design and … contract law influence sustainable public procurement practices. The specific question addressed is whether, and to what extent … to what extent attempts by private actors to improve regulation and enforcement by contract to further sustainability …
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Are public contracts less adaptable than private contracts? Using a comprehensive set of contracts for a standard product, we compare procurement contracts in which the procurer is either a public administration or a private corporation. We find that public-to-private contracts feature more...
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