Showing 1 - 10 of 4,636
This paper studies how information control affects incentives for collusion and optimal organizational structures in …
Persistent link: https://www.econbiz.de/10013189018
ability to monitor quality. Although the possibility of collusion against the principal is eliminated under decentralized …
Persistent link: https://www.econbiz.de/10010319247
We study the relationship between collusion and corruption in a stylized model of repeated procurement where the cost … suppliers alleviates free-riding in reporting. However, it also facilitates collusion in bidding by increasing the value of the … collusive rent. In turn, bidding collusion facilitates cooperation in reporting by increasing the value of having honest …
Persistent link: https://www.econbiz.de/10014278155
We investigate the relationship between the time politicians stay in office and the functioning of public procurement. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they administered between 2000 and 2005. Identification is achieved...
Persistent link: https://www.econbiz.de/10010269756
challenge. We characterize an equilibrium delegation rule with two key properties: a) some high-skilled politicians may select …
Persistent link: https://www.econbiz.de/10014551584
problem is to certify the private signal and make it public. When collusion between the certifier and the agent is an issue … if this certification raises the specter of collusion. …
Persistent link: https://www.econbiz.de/10010328839
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012582031
behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …
Persistent link: https://www.econbiz.de/10010531815
This paper studies the optimal refund mechanism when an uninformed buyer can privately acquire information about his valuation over time. In principle, a refund mechanism can specify the odds that the seller requires the product returned while issuing a (partial) refund, which we call stochastic...
Persistent link: https://www.econbiz.de/10014374421
A buyer wishes to purchase a durable good from a seller who in each period chooses a mechanism under limited commitment. The buyer's value is binary and fully persistent. We show that posted prices implement all equilibrium outcomes of an infinite-horizon, mechanism-selection game. Despite being...
Persistent link: https://www.econbiz.de/10015419652