Optimal Cost Overruns Procurement Auctions With Renegotiation
Work
Year: 2018
Type: article
Abstract: Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constrained optimal award procedure: The procurer awards the contract via a price‐only auction and cannot c... more
Source: International Economic Review
Authors Fabian Herweg, Marco A. Schwarz
Institutions University of Bayreuth, Universität Innsbruck
Cites: 33
Cited by: 22
Related to: 10
FWCI: 1.54
Citation percentile (by year/subfield): 92.17
Field: Decision Sciences
Domain: Social Sciences
Open Access status: hybrid
APC paid (est): $3,240