This paper investigates a procurement relationship between a welfare-oriented government and a private supplier. The … procurement where the buyer maximizes profit rather than welfare. We identify the government's welfare objective as its Achilles …

existing retailer is weak. Opening the direct channel is detrimental to social welfare if this channel is efficient. Under a … opening reduces social welfare under most of the parameter range of the efficiency of the manufacturer's direct channel. …

superior to a constellation with different strategies. -- strategic outsourcing ; oligopoly ; welfare effects …This paper shows the strategic aspects of international outsourcing in a duopolistic market. Due to different costs of … integrated production and outsourcing, the choice of a firm influences the strategy of the competitor via the output price …

We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research … tournament or a procurement contest for being awarded some production contract. We find that the possibility of outsourcing …, outsourcing reduces the procurement costs of inducing a given level of effort if the contest organizer can collect entry fees …

to appropriately capture welfare. We propose a new methodology to measure welfare that accounts for these consumption …-scale, incentivized experiments with college students, we show that, while the standard welfare measure suggests a large and positive …