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Wild Bids Gambling for Resurrection in Procurement Contracts
Calveras, Aleix; Ganuza, Juan José; Hauk, Esther - 2002
This paper analyzes the problem of abnormally low tenders in the procurement process. Limited liability causes firms in … a bad financial situation to bid more aggressively than good firms in the procurement auction. Therefore, it is more …
Persistent link: https://www.econbiz.de/10014117106
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The new institutional economics of antitrust and regulation
Bickenbach, Frank; Kumkar, Lars; Soltwedel, Rüdiger - 1999
Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
Persistent link: https://www.econbiz.de/10011490672
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A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco - 2020
ineffective standard anti-corruption practices, such as whistle-blowing protection policies. We highlight that closing the …
Persistent link: https://www.econbiz.de/10012220065
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A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco - 2021
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/10012491609
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Investment and Risk-taking in Procurement and Regulation
Hubert, Franz - Universität <Berlin, Humboldt-Universität> / Chair … - 1999
This note analyses investment and risk-taking in a simple agency model of public regulation/procurement borrowed from …
Persistent link: https://www.econbiz.de/10005841021
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Effect of Public Procurement Regulation on Competition and Cost-Effectiveness
Tas, Bedri Kamil Onur - 2020
This study empirically investigates the impact of public procurement regulation quality on the competition for tenders … and the cost-effectiveness of awarded contracts, by employing the World Bank's Benchmarking Public Procurement and EuroPAM … Public Procurement quality scores. Using extensive data on public procurement in the European Economic Area, Switzerland, and …
Persistent link: https://www.econbiz.de/10012833404
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Investment and Risk-Taking in Procurement and Regulation
Hubert, Franz - 2003
This note analyses investment and risk-taking in a simple agency model of public regulation/procurement borrowed from …
Persistent link: https://www.econbiz.de/10014094761
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Regulation of Europe's network industries: the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...
Persistent link: https://www.econbiz.de/10010265451
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Regulation of Europe's network industries : the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...
Persistent link: https://www.econbiz.de/10011491086
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Competition and Procurement Regulation : A Goal, a Principle, a Requirement, or All of the Above?
Sanchez-Graells, Albert - 2022
In this contribution, I reflect on the role of competition in public procurement regulation and, more specifically, on … whether competition should be treated as a regulatory goal, as a general principle of public procurement law, as a specific … up in procurement regulation and litigation, as evidenced in recent UK developments. This is thus an evergreen research …
Persistent link: https://www.econbiz.de/10013289977