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buyers' offers become more generous. Buyers tend to prefer penalties, which may explain why they are dominant in procurement. …
Persistent link: https://www.econbiz.de/10008478652
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 …
Persistent link: https://www.econbiz.de/10010592919
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 …
Persistent link: https://www.econbiz.de/10010598175
procurement. We propose a procurement model with reputation and entry assigning to the entrant a reputational advantage of varying … standard practice in private procurement, may hinder entry by new (smaller or foreign) firms in public procurement markets. Our …
Persistent link: https://www.econbiz.de/10010602865
, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for …
Persistent link: https://www.econbiz.de/10010573865
Non-contractible quality dimensions are at risk of degradation when the provision of public services is privatized. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with increased competition. We assemble a large data set on...
Persistent link: https://www.econbiz.de/10011084097
than produced in-house. On the other hand, procurement may foster performance-improving innovation. We assemble a large … a number of other potential determinants. The results indicate that procurement significantly increases non …
Persistent link: https://www.econbiz.de/10010568861
Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
Persistent link: https://www.econbiz.de/10010283001
Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
Persistent link: https://www.econbiz.de/10011490672
This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory discussion of scope and methodology, and then addresses four main topics that correspond to the major doctrinal divisions of the law of contracts. These divisions include freedom of...
Persistent link: https://www.econbiz.de/10014023515