relationships with other firms. Due to the risk of suchsupply relationships being idiosyncratically disrupted, firms multisource …

This paper studies A+B (cost-plus-time) procurement contracting with time incentives in the highway construction … industry. In the presence of construction uncertainty, the contractor's actual completion time may deviate from the bid … completion time, and the A+B contract design is not ex post efficient. Using data from highway procurement contracts in …

Procurement auctions are widely used to solicit bids for custom items suchas services, construction projects, public … infrastructure, and more. Such auctions involve significant risk because the idiosyncratic nature of the purchases means that … (complements) bid quality. We further investigate the impact of uncertainty on bidder behavior and mechanism design under both …

We study a buyer's optimal investment strategy for new technologies when costs evolve stochastically and are private …

the project can only be evaluated at the end. To manage such uncertainty, a model of competitive procurement and …Procurement auctions are sometimes plagued with a chosen supplier's failing to accomplish a project successfully. The … risk of project failure is considerable, especially when the buyer has inadequate information about suppliers ex ante and …

. The dilemma facing purchasing firms is the allocation of the tender across suppliers of varying supply reliability. We … model the procurement problem as a sealed-bid auction where the buyer has to allocate purchases between an expensive but … tender awarded to them. A unique feature of our model is that it allows the purchasing firm to reserve the right to change …