We study the effect of cheap talk between bidders on the outcome of a first-price procurement game with N sellers in …

In this article we present various issues that underline public procurement, critically evaluate some of the … procurement practices and discuss the role of the regulator.1 The objective of the study is to bring forth various issues that … dominate public procurement, identify the challenges and suggest framework to address them. We lay particular emphasis on …

The government procurement comprises a substantial amount of total procurement for every economy in the recent years …. In light of the present procurement market and existing structure, this study throws a light on the evolving amount of … the procurement by the Indian PSUs in recent years in the light of the WTO agreements. Though there is some degree of …

procurement and contract management, better projects implementation and better monitoring are still needed, in spite of the …

This paper studies asymmetric first-price menu auctions in the procurement environment where the buyer does not commit …

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. …