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As it transitions to an oil-producing country, Uganda's investments in infrastructure and physical capital will … the construction sector in Uganda and identifies possible policy remedies to relieve them. A secondary point of emphasis … in the paper's analysis is the interaction between government and construction firms through public procurement, and the …
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This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...
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implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …
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We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double...
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In public procur ement a temporal separation between award and actual contract allows private entrepreneurs who did not get the award to sue to become contractor. Hence, not only the award-winning entrepreneur, but also the losers will engage in relationship-specific investments. Unfortunately,...
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question in the context of the US federal procurement of services and works, by combining contract-level data on procurement …
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