Procurement and predation : dynamic sourcing from financially constrained suppliers

Malin Arve

This paper studies the interaction between financially constrained and financially strong firms on a procurement market. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By considering a dynamic setting, both present and future consequences and incentives are taken into account.

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Year of publication:	2013
Authors:	Arve, Malin
Publisher:	Mannheim [u.a.] : Sonderforschungsbereich/Transregio 15
Subject:	Asymmetric information \| Dual sourcing \| Favoritism \| Financial constraints \| Procurement \| Beschaffung \| Asymmetrische Information \| Theorie \| Theory \| Liquiditätsbeschränkung \| Liquidity constraint \| Unternehmensfinanzierung \| Corporate finance \| Öffentlicher Auftrag \| Public contract \| Materialbedarf \| Material requirements \| Lieferkette \| Supply chain \| Lieferantenmanagement \| Supplier relationship management \| Lieferantenbewertung \| Supplier evaluation