The Choice Of The Government Optimal Procurement Mechanism

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The Choice Of The Government Optimal Procurement Mechanism

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Author : Stefania Di Serafino
language : en
Publisher:
Release Date : 1996

The Choice Of The Government Optimal Procurement Mechanism written by Stefania Di Serafino and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.

Optimal Procurement With Quality Concerns

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Author : Giuseppe Lopomo
language : en
Publisher:
Release Date : 2022

Optimal Procurement With Quality Concerns written by Giuseppe Lopomo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

Adverse selection in procurement arises when low-cost bidders are also lowquality suppliers. We propose a mechanism called LoLA which, under some conditions, is the best incentive-compatible mechanism for maximizing either the seller's or the social surplus in the presence of adverse selection. The LoLA features a floor (or minimum) price, and a reserve (or maximum) price. Conveniently, the LoLA has a dominant strategy equilibrium that, under mild regularity conditions, is unique. We perform a counterfactual experiment on Italian government procurement auctions: we compute the gain that the government could have made, had it used the optimal mechanism (which happens to be a LoLA), relative to a first-price auction, which is the format the government actually used. Finally, we provide software applications for computing the optimal procurement mechanism.

E Government Procurement Handbook

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Author :
language : en
Publisher:
Release Date : 2013

E Government Procurement Handbook written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Government purchasing categories.

Can Government Demand Stimulate Private Investment Evidence From U S Federal Procurement

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Author : Shafik Hebous
language : en
Publisher: International Monetary Fund
Release Date : 2016-03-10

Can Government Demand Stimulate Private Investment Evidence From U S Federal Procurement written by Shafik Hebous and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-10 with Business & Economics categories.

We study the effects of federal purchases on firms’ investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1 dollar of federal spending increases firms’ capital investment by 7 to 11 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms’ access to external borrowing. Furthermore, industry-level analysis suggests that that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.

International Handbook Of Public Procurement

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Author : Khi V. Thai
language : en
Publisher: Routledge
Release Date : 2017-09-25

International Handbook Of Public Procurement written by Khi V. Thai and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-25 with Political Science categories.

Since the 1990s, government at all levels is under increasing pressure to do more with less. However, despite the U.S. government spending about 15 to 20 percent of its GDP on contracts for goods and services, there is a paucity of reference books for public procurement officials and very few textbooks for courses on the subject. Filling this void, the International Handbook of Public Procurement provides the knowledge necessary to understand how procurement works and how to improve the cost-effectiveness of procurement systems. Taking a multidisciplinary approach, the book focuses on the managerial, economic, political, and legal aspects of this topic. It begins with a conceptual framework and highlights various reforms occurring in certain countries. By examining these improvements, readers are able to apply this knowledge to their own strategies. The next section presents selected cases that illustrate the public procurement process, examining systems in various nations including Germany, China, South Africa, Cambodia, Uganda, and Estonia. The book also discusses the rise of electronic procurement systems (E-procurement) and reviews the benefits of these efficient systems. Other topics presented in this comprehensive volume include practical discussions on contract negotiations, bidding, price strategies and cost analysis, and an insightful chapter on the market’s response to contract award announcements. A virtual encyclopedia from numerous international experts, this book was assembled by Khi V. Thai, Professor at Florida Atlantic University and Editor of the Journal of Public Procurement. Dr. Thai has provided technical assistance in the area of public procurement to governments across the world. Empowering those on all sides of the issue, this volume dispenses advice valuable to government officials and contractors, as well as providing a comprehensive text for public administration students.

The Internationalization Of Government Procurement Regulation

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Author : Aris Georgopoulos
language : en
Publisher: Oxford University Press
Release Date : 2017-02-16

The Internationalization Of Government Procurement Regulation written by Aris Georgopoulos 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 2017-02-16 with Business & Economics categories.

As governments are major buyers of goods and services, foreign companies are keen to be able to participate in procurement opportunities on an equal footing with national firms. This has given rise to the inclusion of procurement disciplines in trade agreements and to internationally-agreed good regulatory practices in this important policy area. The contributions to this book examine how the dynamic mix of bilateral, regional, plurilateral and international norms on government procurement is reflected in purchasing practices at the national level and whether these are leading to convergence in policies and approaches. The countries studied span both advanced, high-income economies and emerging economies. Some are members of the WTO procurement agreement, others are not. Most WTO members have decided not to commit to binding international disciplines on procurement in trade agreements. This book explores whether there has been nonetheless internationalization of good procurement practices, and what current public purchasing processes suggest as regards the value added of signing on to binding rules of the game in this area. The approach taken in the volume is interdisciplinary. Contributors include economists, political scientists, legal scholars, and practitioners with a solid understanding of both the extant international disciplines and national government procurement policies. Each chapter assesses the current state of play as regards legislation and procurement practices; the degree to which industrial policy considerations feature in the relevant regulatory frameworks; the existence and use of domestic dispute resolution and review procedures that allow firms to contest the behavior of procuring entities; and the availability of data on procurement processes and outcomes.

Putting Auction Theory To Work

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Author : Paul Milgrom
language : en
Publisher: Cambridge University Press
Release Date : 2004-01-12

Putting Auction Theory To Work written by Paul Milgrom 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 2004-01-12 with Business & Economics categories.

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

Public Procurement In Chinese Law And Practice

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Author : Xiang Xiansheng
language : en
Publisher: Springer Nature
Release Date : 2023-04-26

Public Procurement In Chinese Law And Practice written by Xiang Xiansheng and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-26 with Law categories.

This book aims to present an overview of government procurement of public services in China. It introduces three types of government procurement of public service and analyzes the legal boundaries, legal subjects, purchasing methods, regulation and legal remedy system around it. At the end, the ways of improving law system are brought up for policy suggestion. It helps readers understand how procurement of public services proceeds in China.

Incentives In Procurement Contracting

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Author : Jim Leitzel
language : en
Publisher: Routledge
Release Date : 2019-08-19

Incentives In Procurement Contracting written by Jim Leitzel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-19 with Political Science categories.

This volume presents a nontechnical treatment of issues that arise in procurement contracting, with an emphasis on major weapons systems procurement. Employing the economic theory of agency as their analytical framework, contributors assess the incentives that arise, for both buyers and sellers, in different contractual settings. Procurement contra

Recommendations And Reports

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Author : Administrative Conference of the United States
language : en
Publisher:
Release Date : 1994

Recommendations And Reports written by Administrative Conference of the United States and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Administrative agencies categories.