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Nearly half of all transactions in the $5 trillion market for manufactured goods in the United States were intermediated by wholesalers in 2012, up from 32 percent in 1992. Seventy percent of this increase is due to the growth of "superstar" firms - the largest one percent of wholesalers....
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This paper studies the design of procurement, where a buyer seeks to award a contract to a single supplier. The model … to the literature and are weighted against the benefits of competition. Public procurement regulations entail that …
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For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …
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The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …
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