should be efficiently allocated between the public and the private sector. Nevertheless, the considerable bidding costs … procurement model and heuristically approximates the Markov perfect equilibrium in which contractors determine how much money they … of projects pushes down the mark-ups and the government procurement cost. Nonetheless, according to the experiments, it …

In procurement auctions, bidders are usually better informed about technical, financial, or legal aspects of the goods … and services procured. Therefore, the buyer may include a dialogue in the procurement procedure which enables the …

, procurement, and management of large infrastructure projects through both public-private partnerships (PPPs) and traditional … phases of the infrastructure project cycle: preparation, procurement, and contract management. For PPPs, management of … construction is also assessed. Disclosure of information for PPPs and procurement practices for innovation for TPIs are also …

Procurement auctions are sometimes plagued with a chosen supplier's failing to accomplish a project successfully. The … the project can only be evaluated at the end. To manage such uncertainty, a model of competitive procurement and … probabilities is huge. We show that, compared to standard auctions, the procurement auctions with contingent contracts can …