resources on low quality projects at year's end. We test these predictions using data on procurement spending by the U … year-end information technology projects have substantially lower quality ratings. We also analyze the gains from allowing …

pervasive in public and private procurement. This paper argues that low-powered contracts arise due to a free-riding problem … when the contractor enjoys economies of scale/scope working for different buyers. A buyer, offering a procurement contract … procurement contracts will be. In addition, laws which force buyers to award fixed-price contracts can be welfare-enhancing. …

discretion over, and monitoring of, project progress. Using novel data on R&D contracts and on the geo-location and technical …

This short piece discusses recent Government Accountability Office (GAO) data chronicling an increase in the Defense …

When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set … opportunistically delivering lower quality standards. In order to deter ex post moral hazard, buyers may use different strategies … depending on the extent to which quality dimensions are contractible, that is, verifiable by contracting parties and by courts …

When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set … opportunistically delivering lower quality standards. In order to deter ex post moral hazard, buyers may use different strategies … depending on the extent to which quality dimensions are contractible, that is, verifiable by contracting parties and by courts …

This paper analyzes a procurement setting with two identical firms and stochastic innovations. In contrast to the … previous literature, I show that a procurer who cannot charge entry fees may prefer a fixed-prize tournament to a first …

This paper analyzes a procurement setting with two identical firms and stochastic innovations. In contrast to the … previous literature, I show that a procurer who cannot charge entry fees may prefer a fixed-prize tournament to a first …