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Corruption And Competition In Public Market Auctions


Corruption And Competition In Public Market Auctions
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Corruption And Competition In Public Market Auctions


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.




China S Land Market Auctions


China S Land Market Auctions
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Author : Hongbin Cai
language : en
Publisher:
Release Date : 2009

China S Land Market Auctions written by Hongbin Cai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Auctions categories.


This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state. Leasehold use rights for land for (re)development are sold by city governments and are a key source of city revenue. Leasehold sales are viewed as a major venue for corruption, prompting a number of reforms over the years. Reforms now require all leasehold rights be sold at public auction. There are two main types of auction: regular English auction and an unusual type which we call a "two stage auction". The latter type of auction seems more subject to corruption, and to side deals between potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize sales revenue for properties which are likely to have relatively few bidders, or are "cold", which would suggest negative selection on property unobservables into such auctions. However, if such auctions are more corruptible, that could involve positive selection as city officials divert hotter properties to a more corruptible auction form. The paper finds that, overall, sales prices are lower for two stage auctions, and there is strong evidence of positive selection. The price difference is explained primarily by the fact that two stage auctions typically have just one bidder, or no competition despite the vibrant land market in Chinese cities.



Oligopoly Auctions And Market Quality


Oligopoly Auctions And Market Quality
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Author : Krishnendu Ghosh Dastidar
language : en
Publisher: Springer
Release Date : 2017-08-29

Oligopoly Auctions And Market Quality written by Krishnendu Ghosh Dastidar and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-29 with Business & Economics categories.


This book provides an economic analysis of various aspects of ‘market quality’, a new concept which emerged in the 21st century, using the tools of ‘oligopoly theory’ and ‘auction theory’ that evolved over the 19th and 20th centuries. In the economics literature the link between the theories of oligopoly and auctions with market quality remains largely unexplored. This book attempts to forge such a link as it brings together relevant theoretical results in the literature on these topics under a unified framework. While the book is mainly theoretical in nature, it also discusses some specific issues related to the problems of market quality in emerging economies like India. Illustrated by carefully chosen examples, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview of the new field of market quality economics and are interested in some open research problems in this area. How should auctions and other allocation mechanisms be designed for oligopolistic industries to achieve such goals as efficiency, high-quality output and fast production? Krishnendu Ghosh Dastidar’s book offers novel analysis of this question and also some interesting answers. Highly recommended. Eric S. Maskin, Nobel laureate in Economics



International Handbook On The Economics Of Corruption


International Handbook On The Economics Of Corruption
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Author : Susan Rose-Ackerman
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01

International Handbook On The Economics Of Corruption written by Susan Rose-Ackerman and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Political Science categories.


ÔVolume Two of the International Handbook on the Economics of Corruption presents a comprehensive, detailed, and in-depth analysis of corruption as well as its economic and policy implications. . . It will be a valuable resource not only for experts and students of corruption studies, but also for public officials, NGO employees, and scholars of economic and political development throughout the world.Õ Ð Ararat L. Osipian, Journal of Economic Issues A companion volume to the International Handbook on the Economics of Corruption published in 2006, the specially commissioned papers in Volume Two present some of the best policy-oriented research in the field. They stress the institutional roots of corruption and include new research on topics ranging from corruption in regulation and procurement to vote buying and private firm payoffs. Understanding the consequences of corrupt transactions requires one to know what is being bought with a bribe and how the behavior of public and private actors has been affected. The contributors therefore emphasize how the economic analysis of corruption must take account of the broader context within which bribery and self-dealing operate. Several chapters offer new approaches to empirical research on corruption that range from individual-level data to the macro-economy. Chapters with an explicit policy focus deal with the efficacy of anti-corruption agencies, multi-stakeholder initiatives, red flag warning systems and international conventions. This cutting-edge work will be an unmatched resource for scholars and students of corruption, professionals in international aid and finance organizations, and scholars and professionals with more general interests in economic and political development.



Global Competition Enforcement


Global Competition Enforcement
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Author : Paulo Burnier da Silveira
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2019-10-17

Global Competition Enforcement written by Paulo Burnier da Silveira and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-17 with Law categories.


Global Competition Enforcement New Players, New Challenges Edited by Paulo Burnier da Silveira & William Evan Kovacic In a short span of years, the landscape of global competition has changed significantly. In particular, international cooperation in competition law enforcement has greatly strengthened the battle against abuse of dominance, cartels, anticompetitive mergers and related political corruption. This thoroughly researched book explains the current situation regarding joint investigations, identifies common problems and considers possible solutions and future developments. In addition to covering issues of competition policy, its authors look in detail at practice in both merger and conduct investigations in a variety of countries. The following aspects of the subject and more are examined in depth: the interface between antitrust and anti-corruption; the digital economy’s challenges to competition authorities; convergent aims and rules among different competition authorities; regional organizations with competition mandates; competition neutrality and state-owned enterprises; and leniency programmes. Although necessarily there is considerable information on major antitrust regimes like those of the United States and the European Union, chapters by local experts highlight lessons to be learned from the work of competition authorities in five continents including Argentina, Australia, Brazil, China, Colombia, India, Japan, Mauritius, Mexico, Peru and South Africa. The contributors include competition enforcers, regulators, academics, practitioners and leading commentators from a range of jurisdictions. Adding up to an authoritative analysis from the enforcer’s perspective, the studies presented in the book clarify the approaches and priorities of competition enforcement authorities – including those of major emerging economies – and provide expert guidance on dealing with transnational investigations. Antitrust lawyers, corporate counsel and interested academics as well as policymakers will benefit immeasurably from this book’s wealth of informative detail.



Public Procurement Reforms In Africa


Public Procurement Reforms In Africa
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Author : Christine Léon de Mariz
language : en
Publisher: OUP Oxford
Release Date : 2014-08-14

Public Procurement Reforms In Africa written by Christine Léon de Mariz and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-14 with Business & Economics categories.


Institutional reforms and their contribution to development and growth have been a source of renewed interest as well as of many challenges over the last two decades. Identifying the forces that push towards reform and the conditions that determine the success or failure of reforms, building organizational arrangements needed to make modifications to the rules of the game sustainable, and understanding the limits to the transfer of reforms and to the help that international organizations and foreign institutions can provide to support change, raise intellectually difficult and politically highly sensitive issues. This book attempts to address these issues from an economic perspective. Combining knowledge and field experience, it develops an analysis of institutional changes and organizational transformations based on the experience of the public procurement reforms carried out in sub-Saharan Africa. This highlights the economic significance of procurement and the formidable obstacles that institutional changes face. Using an original dataset, it explores the gap between the expectations and what has been achieved. It develops a framework that intends to capture the complex interaction between the different components of reform and aims to provide useful insights for researchers and policy makers.



Corruption Ranking And Competition


Corruption Ranking And Competition
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Author : Ngọc Anh Trà̂n
language : en
Publisher:
Release Date : 2009

Corruption Ranking And Competition written by Ngọc Anh Trà̂n and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Bribery categories.


The three papers in this dissertation aim to provide new empirical evidence for two topics related to competition among businesses and individuals: corruption and ranking. The first two papers tackle the corruption topic using the internal records from two industrial suppliers, who pay kickbacks in order to compete and sell their products to organizations in a highly corrupt emerging market. The first paper exploits a regulation experiment and estimates the effect of several important types of procurement auctions on corruption. It shows that, to reduce corruption, auctions need to be open and non-discretionary. It also reveals the widespread practice of secret auctions employed by corrupt officials to identify the largest kickback-payers. The second paper studies the agency cost of delegation of authority within firms. It shows that delegation monotonically increases corruption, and delegation to middle managers is most costly to firms. The third paper asks whether ranking motivates individuals to compete. It reports a series of experiments conducted in Vietnam to test whether students were concerned with their performance ranks relative to others. The results showed that concern with rank, even when ranks were not publicly revealed, strongly motivated performance and competition. Competition is the engine of economic growth. A better understanding of the effect of corruption and ranking is essential to designing the institutions that promote competition and development.



Anti Corruption In Public Procurement Balancing The Policies


Anti Corruption In Public Procurement Balancing The Policies
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Author :
language : en
Publisher: CSD
Release Date : 2011

Anti Corruption In Public Procurement Balancing The Policies written by and has been published by CSD this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Government purchasing categories.




A Model Of Market Enhancing Infrastructure


A Model Of Market Enhancing Infrastructure
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Author : Philippe Aghion
language : en
Publisher:
Release Date : 2000

A Model Of Market Enhancing Infrastructure written by Philippe Aghion and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Infrastructure (Economics) categories.




On The Welfare Effects Of Competition For Foreign Direct Investments


On The Welfare Effects Of Competition For Foreign Direct Investments
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Author : Chiara Fumagalli
language : en
Publisher:
Release Date : 2000

On The Welfare Effects Of Competition For Foreign Direct Investments written by Chiara Fumagalli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business enterprises, Foreign categories.