question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …

and rule-based auction procurement procedures. We show that adopting a two stage approach in which bureaucrats first …

This paper analyzes the problem of abnormally low tenders in the procurement process. Limited liability causes firms in … a bad financial situation to bid more aggressively than good firms in the procurement auction. Therefore, it is more … the optimal surety bond and show that it does not coincide with the current US regulation. In particular we show that …

The paper considers governments' public procurement decision as a way of influencing industry structure. In a … federation in which capital is mobile and capital taxation is harmonized, a home bias in public procurement can potentially be …

We empirically investigate the effect of oversight on contract outcomes in public procurement. In particular, we stress …

procurement of services and explained by contract and service substitution. Lastly, we find that after the conclusion of the …

We empirically investigate the effect of procurement oversight on contract outcomes. In particular, we stress a …

The procurement of an innovation involves motivating a research effort to generate a new idea and then implementing …

When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest …