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

base, we distinguish between price-based regulation and cost-based regulation. Under cost-based regulation, investment … triggers a change of regulated prices, whereas, under price-based regulation, investment does not affect them. To motivate …. Our main conclusion is that cost-based regulation accelerates investment compared to price-based regulation. …

.e. Net Neutrality regulation, will be more network users, more investment, and welfare is higher. If profit …-maximizing platform cannot charge buyers there will be more investment than without the regulation. If on top of not charging buyers …This paper studies, using a two-sided market framework, the impact of regulation on platform's pricing scheme, on …

This paper investigates a regulated company's capacity choices for a two-stage investment opportunity with growth … options, if the company faces a cost-based regulation. It uses a theoretical approach: A discrete-time mathematical model … specific investment behavior can be observed: Companies will first invest a small capacity in order to enter the market, but …

This paper addresses the issue of how regulatory constraints affect firm's investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

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 …

International public procurement sees low shares of cross-border purchases despite agreements against national …-border procurement. The effects are economically large, as deregulation (a one-standard deviation increase in infection rates) increases …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

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

Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This … paper focuses on indirect savings. Public administrations that do not procure directly through a central procurement agency …