This paper studies the optimal structure of procurement contracts between public and private sectors by mainly … comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a … principal-agent model focusing on bundling effects of procurement based on Hart (2003), and Iossa and Martimort (2015) to see …

activity for certain industries or service providers. The public procurement segment's attractiveness is also underlined by the … to do business with foreign governments is limited by various national legislations as governments settle the procurement … typical procurement types - traditional procurement and public-private partnership - with regard to recent development trends …

the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state … complete and incomplete contracts. The key insight is that the allocation prescribed by optimal complete contracts is … sequentially optimal with incomplete contracts if the buyer does not receive too much information ex-interim. We show that the …