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Programs that encourage the participation of disadvantaged business enterprises (DBE) as subcontractors have been a part of government procurement auctions for over three decades. In this paper, we examine the impact of a program that requires prime contractors to subcontract out a portion of a...
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"Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However, the degree of competition realized is closely related...
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important economic theories that could guide governments to wise decision-making at each stage. Theory suggests that in general …, such as fixed-price contracts. However, this holds under certain conditions. Theory also shows that ownership should be …
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