Purpose: Pre-commercial procurement (PCP), introduced by the European Commission in 2007, is the most important purchasing procedure available to the European Union public sector to solicit innovative solutions from the business sector. As such solutions are not yet in the market, they first...

A gradual change on how to evaluate successful procurement, in both the private and the public sector has occurred in recent years. Indeed, in so far as economic efficiency is concerned from a price-only criterion for measuring success, decisions have shifted to a multi-criteria approach where...

In the stage game Prisoner's Dilemna one line of research which is pursued to justify the cooperative outcome is based upton some idea of correlation. This paper aims at testing whether correlation could support a cooperative behavior in the long run, by embedding the infinitely repeataed game...

This paper analyzes the impact of the reserve price on participation and the degree of competition in competitive tenderingfor public contracts. Our approach aims at reconciling the most recent developments in auction theory with the more practicalissues arising in centralized public...