traditional procurement (TP) and public-private partnership (PPP). We show that a mixed regime, in which TP is used in one …

We investigate the impact of public procurement spending on business survival. Using Italy as a laboratory, we … public contract data. Employing a regression discontinuity design for close-call procurement auctions, we find that winners …

Unlike standard auctions, we show that competitive procurement may optimally limit competition or use inefficient … allocation rules that award the project to a less efficient firm with positive probability. Procurement projects often involve ex … post moral hazard after the competitive process is over. A procurement mechanism must combine an incentive scheme with the …

preferences of 900+ real-world public procurement officials in Finland and Germany. This is an important pursuit as they report … importance of multiple features of procurement outcomes. Officials prioritize avoiding unexpectedly high prices but not seeking …

experience demand shocks derived from a lottery-based assignment of public procurement contracts for construction services in …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award … a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …

fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …

reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …