This policy brief examines EU public procurement data from the Tenders Electronic Daily (TED) to evaluate foreign bidders' participation and success in winning EU public contracts. Despite data coverage limitations, the available information shows an increase in foreign participation in both...

In an era of intense false impressions, cognitive limitations and imperfect information, where critical challenge is the management of procedural relationships among public procurement partners, it is essential to exploit and identify sources associated with decreasing transparency in...

I study a model of procurement with moral hazard and adverse selection. The procurer is either corrupt or honest and can choose between sole-sourcing and competitive tender. I compare two procurement regulations: no sole-sourcing is allowed (rigid regulation) and sole-sourcing is allowed in an...

Liquidity management is key in industries with variable cash flows. We study how businesses in the highway construction industry manage cash flow by strategically bidding more on work with an earlier payout--a practice known as front-end loading. We find that small contractors, infrequent...

In an era of intense false impressions, cognitive limitations and imperfect information, where critical challenge is the management of procedural relationships among public procurement partners, it is essential to exploit and identify sources associated with decreasing transparency in...

A set-aside restricts participation in procurement contests to targeted firms. Despite being widely used, its effects on actual competition and contract outcomes are ambiguous. We pool a decade of US federal procurement data to shed light on this empirical question using a two-stage approach. To...

It is claimed that many regulatory rules enforce inefficiencies in order to achieve the appearance of cost control. We assess the importance of these claims by measuring the effect of New York state's compulsory multiple contractor law on the cost of public construction in New York City....

Firms invest in scientific research to increase their chances of landing lucrative procurement contracts with the U.S. government. This is an important, but understudied channel through which the government encourages corporate research, particularly when other market mechanisms are...

We study Medicare's competitive bidding program (CBP) for durable medical equipment (DME). We exploit Medicare claims data to examine both prices and utilization, focusing on continuous positive airway pressure (CPAP) devices to treat sleep apnea. We find that spending falls by 47.2% percent...

The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...

In public procurement a temporal separation between award and actual contract allows private entrepreneurs who did not get the award to sue to become contractor. Hence, not only the award-winning entrepreneur, but also the losers will engage in relationship-specific investments. Unfortunately,...

Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...

Das Werk stellt die erste umfassende wissenschaftliche Erarbeitung des hochaktuellen Themas der Ausschreibung im EEG 2023 dar. Mit diesem Instrument ist eine wegweisende Systemumstellung bei der Förderung erneuerbarer Energien erfolgt. Dieses hochinnovative Förderkonzept wird detailliert...

A unique database on individual tender documents is used to analyze the relationship between strategical factors and outcomes when technical consultancy firms (TCFs) compete for foreign assignments in the infrastructure sectors. TCFs, which sell services based on human capital, have a large...

Liberalization of long-distance railway passenger services in the European Union was scheduled for December 2020. The Spanish infrastructure manager decided that the Spanish high-speed network was congested so an optimization plan would be needed to accommodate newcomers and ensure an...

Seit 2014 liegt die EEG-Umlage bei über 6 ct/kWh und macht einen erheblichen Teil der deutschen Verbraucherstrompreise aus. Um die Förderkosten nicht weiter steigen zu lassen, werden seit 2017 die Fördersätze für Windenergie wettbewerblich ausgeschrieben. Dadurch war in den ersten...

In verschiedenen Ländern wie z.B. Deutschland und Frankreich wurde in den jüngsten Ausschreibungsrunden für den Bau neuer Windenergieanlagen an Land die Ausschreibungsmenge von der Angebotsmenge nicht oder nur knapp überschritten. Diese Entwicklung in Verbindung mit geplanten...

Purpose The purpose of this study was to determine the transaction cost (TC) contractors incur when tendering for a project as well as establish a correlation between the TC of tender and tender amount of projects procured through the national competitive bidding procurement method....