Weak contract enforcement may reduce the efficiency of investment in developing countries. I study how contract … enforcement affects efficiency in procurement auctions for the largest power projects in India. I gather data on bidding and ex post … contract renegotiation and find that the renegotiation of contracts in response to cost shocks is widespread, despite that …

The supply function model of the English electricity spot market is extended to include a contract market and …

. We consider a stylized repeated procurement framework in which a buyer awards a contract over time to two firms with …

The optimal duration of a supply contract balances the costs of re-selecting a supplier against the costs of being … matched to an inefficient supplier when the contract lasts too long. I develop a structural model of contract duration that …

Suppliers often make proactive investments in capacity to strategically position themselves to win a contract with a … Generous (let everyone have a shot at winning the contract) …

transaction cost explanation for such divergent behavior. Using a primary survey of 107 firms from India, we construct a distinct …