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Self-Correcting Mechanisms in Public Procurement: Why Award and Contract Should be Separated
Bös, Dieter; Kolmar, Martin - 2000
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper … we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a … post-award, pre-contract rent-seeking activities also increase efficiency. This is always the case if the procurement …
Persistent link: https://www.econbiz.de/10010317661
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Self-correcting mechanisms in public procurement : why award and contract should be separated
Bös, Dieter; Kolmar, Martin - 2000
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper … we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a … post-award, pre-contract rent-seeking activities also increase efficiency. This is always the case if the procurement …
Persistent link: https://www.econbiz.de/10011539673
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Incomplete Contracting and Target-Cost Pricing
Bös, Dieter - University of Bonn, Germany - 1996
Target-cost pricing has been a widely applied formula in defence contracting. If this type of pricing arrangement is chosen, the seller's ex-post profit consists of a fixed payment plus some share of the cost overrun, that is the difference between an ex--ante agreed estimation of the production...
Persistent link: https://www.econbiz.de/10004968184
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Benevolent government, managerial incentives, and the virtues of privatization
Lülfesmann, Christoph - 2002
We show that privatization can be beneficial even if the government is rational and benevolent, and if the firm's economic and informational environment is independent of the governance structure. The model assumes that wage contracts between the firm's owner (government or private entrepreneur)...
Persistent link: https://www.econbiz.de/10011335738
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Strategic Defection in Bilateral Trade
Lülfesmann, Christoph - 2001
The paper studies a generic bilateral trade model with relationship-specific investments. Only the seller invests, and subsequent trade becomes inefficient if his investments are too low. We show that the seller may defect strategically under a fixed-price contract even though he attains any...
Persistent link: https://www.econbiz.de/10010317687
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Strategic defection in bilateral trade
Lülfesmann, Christoph - 2001
The paper studies a generic bilateral trade model with relationship-specific investments. Only the seller invests, and subsequent trade becomes inefficient if his investments are too low. We show that the seller may defect strategically under a fixed-price contract even though he attains any...
Persistent link: https://www.econbiz.de/10011540062
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Benevolent government, managerial incentives, and the virtues of privatization
Lülfesmann, Christoph - 2002
We show that privatization can be beneficial even if the government is rational and benevolent, and if the firm's economic and informational environment is independent of the governance structure. The model assumes that wage contracts between the firm's owner (government or private entrepreneur)...
Persistent link: https://www.econbiz.de/10011597691
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Strategic Defection in Bilateral Trade
Lülfesmann, Christoph - University of Bonn, Germany - 2001
The paper studies a generic bilateral trade model with relationship-specific investments. Only the seller invests, and subsequent trade becomes inefficient if his investments are too low. We show that the seller may defect strategically under a fixed-price contract even though he attains any...
Persistent link: https://www.econbiz.de/10005032203
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Bureaucrats and public procurement
Bös, Dieter - 2001
This paper deals with a Niskanen type of public-procurement agency. It is shown that the procurement game should be … which refers to both investment and production. Welfare-optimal procurement of the project can be attained under relatively …
Persistent link: https://www.econbiz.de/10011399307
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Selezione dei fornitori e incentivi alla rinegoziazione in contratti incompleti:;rilevanza empirica nel settore dei lavori pubblici
GUCCIO, Calogero; PIGNATARO, Giacomo; RIZZO, Ilde - In: Rivista Italiana degli Economisti 14 (2009) 2, pp. 311-344
The literature on public procurement pays great attention to the rules underlying tendering procedures as well as on …
Persistent link: https://www.econbiz.de/10008629820