Competition In Procurement Auctions With Corruption
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Competition In Procurement Auctions With Corruption
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Author : Daniel Z. Li
language : en
Publisher:
Release Date : 2016
Competition In Procurement Auctions With Corruption written by Daniel Z. Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
We study the effects of corruption on equilibrium competition and social welfare in a first-price public procurement auction. In our model, firms are invited into the auction at positive costs, and a bureaucrat runs the auction on behalf of a government, who may request a bribe from the winning firm afterward. We first show that, in the absence of corruption, the bureaucrat will invite more than socially optimal number of firms into the auction. Secondly, the effects of corruption on equilibrium competition and social welfare vary across different forms of bribery. In the case of fixed bribe, corruption has no effect on equilibrium competition, yet does induce social welfare loss due to the distortion cost of increased public spending. In the case of proportional bribe, the bureaucrat may invite fewer or more firms into the auction, depending on how much the bureaucrat weights on his personal interest. Thirdly, we show that information disclosure may result in more dispersed distribution of firms' cost estimates, and induce more firms to be invited, no matter there is corruption or not. Finally, we also provide some discussions on the policy implications of our model.
Corruption In Public Procurement Auctions
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Author : Maria Monica Wihardja
language : en
Publisher:
Release Date : 2009
Corruption In Public Procurement Auctions written by Maria Monica Wihardja and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
We provide a positive analysis of the equilibrium bidding and bribing strategies with and without corruption in a first-price, sealed-bid, procurement auction with two-dimensional-type bidders. With corruption, we assume that the quality of the bidders are unobservable and non-contractible ex-post. We show examples of equilibrium bids and bribes of N two-dimensional-type bidders in an incomplete information game where the type space is discrete and strategy space is infinite. The equilibrium bid and bribe decrease in the number of bidders. Moreover, we show that in this auction with corruption, quality is randomly chosen, constraining efficiency. In fact, no mechanism can be efficient in this auction. The empirical study suggests that increasing the number of bidders increases the percentage cost efficiency at a decreasing rate and it starts to decrease the percentage cost efficiency after it reaches a certain number of bidders.
Auctions With Endogenous Participation And Quality Thresholds
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Author : Antonio Estache
language : en
Publisher:
Release Date : 2012
Auctions With Endogenous Participation And Quality Thresholds written by Antonio Estache and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However, the degree of competition realized is closely related to bidders' entry decision and the auctioneer's decision on how to assess technical attributes in the bid evaluation process. This paper estimates the interactive effects among quality, entry, and competition. With data on procurement auctions for electricity projects in developing countries, it is found that large electricity works are by nature costly and can attract only a few participants. The limited competition would raise government procurement costs. In addition, high technical requirements are likely to be imposed for these large-scale projects, which will in turn add extra costs for the better quality of works and further limit bidder participation. The evidence suggests that quality is of particular importance in large infrastructure projects and auctioneers cannot easily substitute price for quality.
Handbook Of Procurement
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Author : Nicola Dimitri
language : en
Publisher: Cambridge University Press
Release Date : 2006-09-28
Handbook Of Procurement written by Nicola Dimitri and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-28 with Business & Economics categories.
How can organizations ensure that they can get best value for money in their procurement decisions? How can they stimulate innovations from their dedicated suppliers? With contributions from leading academics and professionals, this 2006 handbook offers expert guidance on the fundamental aspects of successful procurement design and management in firms, public administrations, and international institutions. The issues addressed include the management of dynamic procurement; the handling of procurement risk; the architecture of purchasing systems; the structure of incentives in procurement contracts; methods to increase suppliers' participation in procurement contests and e-procurement platforms; how to minimize the risk of collusion and of corruption; pricing and reputation mechanisms in e-procurement platforms; and how procurement can enhance innovation. Inspired by frontier research, it provides practical recommendations to managers, engineers and lawyers engaged in private and public procurement design.
To Bribe Or Not In A Procurement Auction Under Disparate Corruption Pressure
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Author : Xiaoshuai Fan
language : en
Publisher:
Release Date : 2020
To Bribe Or Not In A Procurement Auction Under Disparate Corruption Pressure written by Xiaoshuai Fan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
We examine a (large) manufacturer's bribery decision (to bribe or not to bribe) arising from a procurement auction under "disparate corruption pressure'' when another (small) manufacturer is known to offer the auctioneer (i.e., the intermediary) a bribe in exchange for the "right of first refusal''. We discover that the large manufacturer should refuse to pay bribes at all times in order to prevent from leaking its private cost information to the small manufacturer and prevent from intensifying the competition. However, even when the large manufacturer is disadvantaged for refusing to bribe, we show that it can benefit from this corrupted auction when the difference in production efficiency or the bribe is high so that the "positive force'' (i.e., cost advantage) derived from the right of first refusal dominates the information disadvantage. Hence, under a specific condition, the large manufacturer has no incentive to expose the collusion between the intermediary and the corrupt manufacturer. Such a "silence tactic'' provides a plausible explanation for the prevalence of corrupt auctions in practice.
Corruption And Competition In Public Market Auctions
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Author : Olivier Compte
language : en
Publisher:
Release Date : 2000
Corruption And Competition In Public Market Auctions written by Olivier Compte and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Contracting out categories.
Corruption And Competition In Procurement
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Author : Marco Celentani
language : en
Publisher:
Release Date : 2002
Corruption And Competition In Procurement written by Marco Celentani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
We consider a procurement problem in which the procurement agent is supposed to allocate the realization of a project according to a competitive mechanism that values bids in terms of the proposed price and quality. Potential bidders have private information about their production costs. Since the procurement agent is also in charge of verifying delivered quality, in exchange for a bribe, he can allow an arbitrary firm to be awarded the realization of the project and to produce a quality level lower than the announced. We compute equilibrium corruption and we study the impact on corruption of the competitiveness of the environment, and in particular of: i) an increase in the number of potential suppliers of the good or service to be procured, and ii) an increase of competition in the market for procurement agents. We identify the effects that influence equilibrium corruption and show that, contrary to conventional wisdom, corruption may well be increasing in competition.
Integrity In Public Procurement Good Practice From A To Z
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2007-05-31
Integrity In Public Procurement Good Practice From A To Z written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-31 with categories.
Provides, for the first time, a comparative overview of practices from A to Z. It maps out practices to enhance integrity throughout the whole procurement cycle, from needs assessment to contract management. It also takes a global stance by including practices from non-OECD countries.
Fighting Corruption And Promoting Integrity In Public Procurement
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2005-12-07
Fighting Corruption And Promoting Integrity In Public Procurement written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-12-07 with categories.
This volume comprises papers presented at the OECD Global Forum on Governance: Fighting Corruption and Promoting Integrity in Public Procurement held in Paris in November 2004.
Combatting Corruption And Collusion In Public Procurement
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Author : Robert D. Anderson
language : en
Publisher: Oxford University Press
Release Date : 2024-03-06
Combatting Corruption And Collusion In Public Procurement written by Robert D. Anderson and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-06 with Law categories.
'Corruption' in public procurement typically involves procurement decisions taken in favour of preferred bidders in exchange for improper compensation (the acceptance of bribes, for example), while supplier collusion refers to a type of cartel activity, in which firms rig their bids in a tendering process. Although these practices are distinct, they frequently occur together in the public procurement context, reinforcing one another. Combatting Corruption and Collusion in Public Procurement: A Challenge for Governments Worldwide examines the causes of corruption and collusion in the public procurement sphere, its resulting harm, and how states can best try to combat these practices. This book provides a legal, economic, and practical analysis of issues concerning corruption and supplier collusion in public procurement, both generally and in seven diverse and representative jurisdictions: the United Kingdom, the United States, Brazil, Hungary and Poland, Ukraine, and Canada. It encompasses a discussion of both 'generic' cross-jurisdictional issues and specific proposals for individual jurisdictions. It offers practical guidance on building robust regimes for combatting corruption and collusion in public procurement and how to bolster and improve them when they are faltering. The book stresses the need for a multi-faceted and joined-up approach to the problems, emphasizing the importance both of enhanced investment in the effective enforcement of anti-corruption and cartel laws and of increasing the resilience of public procurement systems to corruption and collusion through a range of measures. The relevance of the topic to the social and economic well-being of citizens and the survival of democratic governance is highlighted throughout the book. Pioneering and comprehensive, Combatting Corruption and Collusion in Public Procurement provides a pathbreaking analysis of a range of global issues, making it an essential read for scholars, lawyers, government officials and representatives of international and non-governmental organizations around the world.