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Public procurement accounts for one third of government spending. In this paper, I document a new mechanism through which government procurement promotes firm growth: firms use procurement contracts to increase the amount of cash-flow based lending. I use Portuguese administrative data over...
Persistent link: https://www.econbiz.de/10014235466
A set-aside restricts participation in procurement contests to targeted firms. Despite being widely used, its effects on actual competition and contract outcomes are ambiguous. We pool a decade of US federal procurement data to shed light on this empirical question using a two-stage approach. To...
Persistent link: https://www.econbiz.de/10014080083
public contract data. Employing a regression discontinuity design for close-call procurement auctions, we find that winners … impactful for survival prospects. Survivors experience no productivity premium but rather an improvement in their credit …
Persistent link: https://www.econbiz.de/10014240867
data between 2008 and 2018. For construction auctions, we also rely on bid-level data to inform a regression discontinuity …
Persistent link: https://www.econbiz.de/10013310000
. Employing a regression discontinuity design for close-call auctions, we find that winners are more likely to stay in the market … experience no productivity premium. Securing contracts relaxes credit constraints and acts as a mechanism for survival. …
Persistent link: https://www.econbiz.de/10014470707
We study how delivery times and prices for hospital medical devices respond to the introduction of centralized procurement. Our identification strategy leverages a legislative change in Italy that mandated centralized purchases for a sub-set of devices. The statutory centralization generated a...
Persistent link: https://www.econbiz.de/10012618050
This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using … kinds of results. First, we characterize the set of equilibria in quasi-linear scoring auctions with multi-dimensional types …. In particular, we show that there exists a mapping between the class of equilibria in these scoring auctions and those in …
Persistent link: https://www.econbiz.de/10011607201
activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …
Persistent link: https://www.econbiz.de/10011932593
A number of recent papers have proposed that a pattern of isolated winning bids may be associated with collusion. In contrast, others have suggested that bid clustering, especially of the two lowest bids, is indicative of collusion. In this paper, we present evidence from an actual procurement...
Persistent link: https://www.econbiz.de/10012300773
The innovation of construction procurement by means of electronic reverse auctions is a controversial subject of … concerning the adoption and use of electronic reverse auctions in the light of specific features of the construction industry. A … on mutual interaction of electronic reverse auctions and long-term effects on construction project outcomes. …
Persistent link: https://www.econbiz.de/10013199642