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This paper analyzes how features of the procurement system laid down by the EU Procurement Directives affect the … analysis of competition in public procurement markets. It presents the bidding systems allowed under the EU rules and provides … a general framework to assess competition concerns for the public procurement auctions characterizing it. It concludes …
Persistent link: https://www.econbiz.de/10012860424
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
Persistent link: https://www.econbiz.de/10012861559
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …
Persistent link: https://www.econbiz.de/10012993698
also commonly held that the adoption of e-procurement solutions can be effective in pursuing such an objective. To this end …, we analyze the transactions completed in the period 2004-2007 through the Italian Government's e-procurement platform …, that is, the marketplace managed by the Italian Public Procurement Agency (Consip S.p.A.). Although descriptive statistics …
Persistent link: https://www.econbiz.de/10012708886
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …
Persistent link: https://www.econbiz.de/10012627848
In procurement auctions, there are situations where a bidder's cost is uncertain at the time of bidding, leading to a … winner's curse also affects entry, which can have serious implications for procurement costs and efficiency. We find that the …
Persistent link: https://www.econbiz.de/10013215430
Public procurement is plagued by bidding rings almost everywhere. While the reasons as to why cartels are active in … public procurement markets are well understood, little evidence is available about the subtleties of the anticompetitive … mechanisms adopted by cartels members to game procurement procedures. This paper borrows from an in-depth (and successful …
Persistent link: https://www.econbiz.de/10013215737
The paper analyses the impact of incompetence and corruption in procurement auctions. The government plans to build a … public good of a certain quality. To implement this plan the government conducts a procurement auction where a firm that …
Persistent link: https://www.econbiz.de/10013217879
Collusion likely has adverse effects on social welfare. In this paper, we study collusion in the e-procurement market …
Persistent link: https://www.econbiz.de/10013222740
that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement … auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In …
Persistent link: https://www.econbiz.de/10013237722