This paper presents a novel theory of corruption in public procurement. It considers an agency setting of contract …

This note analyses investment and risk-taking in a simple agency model of public regulation/procurement borrowed from … organization theory and finance …

investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …

In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper … we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a … post-award, pre-contract rent-seeking activities also increase efficiency. This is always the case if the procurement …

The market-based procurement of system services for network operators is gaining momentum in the current debate about … in the electricity networks. The German regulator has proposed new rules for reactive power procurement, which are based … and market-based procurement. While this approach is primarily aiming at the reactive power demand on the transmission …

investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …

We study the impact of competitive bidding in the procurement of off-patent drugs. In 2019, China introduced …