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We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer s preferences and may collude with one of the sellers. We provide a precise...
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We review different kinds of corruption that have been observed in procurement auctions and categorize them. We discuss … means to avoid corruption, by choice of preferable auction formats, or with the help of technological tools, such as secure … proposals, are particularly prone to corruption. We do not believe that it is possible to eradicate corruption altogether in …
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This paper develops 30 novel quantitative indicators of grand corruption that operationalize 20 distinct techniques of … corruption in the context of public procurement. Each indicator rests on a thorough qualitative understanding of rent extraction … composite indicator of high-level corruption, the high degree of detail also reveals that many regulatory interventions have …
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