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Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award … takes place and the fancy design has higher production costs or the contractor's bargaining position is strong, the final …
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For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If …
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Production functions provide a mapping from the firms' input quantity and productivity to output quantity. This mapping only generates unbiased estimates if input and output quality variation within and between observation units is accounted for. I review and classify state-of-the-art methods to...
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