Most cases of cost overruns in public procurement are related to important changes in the initial project design. This … paper deals with the problem of design speciffication in public procurement and provides a rationale for design … procurement takes place in the presence of horizontally differentiated contractors, the design's speciffication level is seen to …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award …

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 …

Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This … paper focuses on indirect savings. Public administrations that do not procure directly through a central procurement agency …

screening and litigation on entry and bidding using a unique data set on highway construction procurement auctions in Poland …

A seminal result in the theory of competitive bidding holds that the buyer can lower the expected awarding price of a … procurement contract by setting a reserve price below her opportunity cost for realizing the project. In this paper, we first … interdependence among suppliers' production costs and the risk of collusion in the procurement market. The paper also discusses how …

We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids … of suppliers. Among the properties of the mechanism are:(i) Bidders have an incentive to participate in the procurement …, procurement expenditures might be lower than under a classical auction format …

highway construction procurement auctions in Poland. The market exhibits a screening method that ex post selects eligible …

The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …