of procurement contracts. The buyer in our model incurs a cost of providing a comprehensive design, and is faced with a …

This paper studies the design of procurement, where a buyer seeks to award a contract to a single supplier. The model … to the literature and are weighted against the benefits of competition. Public procurement regulations entail that …

of procurement contracts. The buyer in our model incurs a cost of providing a comprehensive design, and is faced with a …

The paper studies procurement contracts with pre-project investigations in the presence of adverse selection and moral …

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

We study the effects of federal purchases on firm investment using a novel panel dataset that combines federal … procurement contracts in the United States with key financial firm-level information. Using panel fixed-effect models, propensity … firms’ capital investment by 10 to 13 cents. In line with the financial accelerator model, our findings indicate that the …

The World Trade Organisation Government Procurement Agreement (GPA) has created the most comprehensive plurilateral … system for procurement-related trade liberalisation. However, there has been a proliferation of free trade agreements (FTAs …) regulating public procurement liberalisation, including between GPA parties, which seek to bypass or go beyond the GPA on a …

government procurement, held at the OECD in June 1998. The publication includes submissions from 12 OECD member countries … describing the regulatory regime for procurement and the competition policy issues which have arisen. The document also includes … a background paper prepared by the OECD secretariat discussing why competition issues arise in procurement, raising the …

We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for …