Over the past several decades, the federal procurement system in the United States has grown remarkably, and now totals … over $500 billion annually. Over that same period, the rules governing federal procurement have been buffeted by broad … the procurement system or its reform. Agency theory provides one such theoretical model. Long established in economics and …

When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …

and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first … corruption risks often observed in negotiated procedures. For rule-based procedures, we show that a "third-price lottery" in …

, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for …

produced in-house. However, procurement may foster performance-improving innovation. We assemble a large data set on elderly … subjectively perceived quality of service. We estimate how procurement from private providers affects these measures using a … difference-in-difference approach. The results indicate that procurement significantly increases non-contractible quality as …

procurement. There is widespread concern among regulators that favoring suppliers with good past performance, a standard practice … in private procurement, may hinder entry by new (smaller or foreign) firms in public procurement markets. Our results …

private procurement, may hinder entry by new firms in public procurement markets. In this paper we report results from a … laboratory experiment exploring the relationship between reputation and entry in procurement. We implement a repeated procurement …

, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for …

buyers’ offers become more generous. Buyers tend to prefer penalties, which may explain why they are dominant in procurement. …