G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Past Performance Evaluation in Repeated Procurement: A Simple Model of Handicapping
Berardino Cesi; Gian Luigi Albano
发表日期2008
出处Economy and Society
出版年2008
语种英语
摘要When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set of contractual duties. However, selected contractors may find profitable to renege ex post on their promises by opportunistically delivering lower quality standards. In order to deter ex post moral hazard, buyers may use different strategies depending on the extent to which quality dimensions are contractible, that is, verifiable by contracting parties and by courts. We consider a stylized repeated procurement framework in which a buyer awards a contract over time to two firms with different efficiency levels. If the contractor does not deliver the agreed level of performance the buyer may handicap the same firm in future competitive tendering. We prove that under complete information extremely severe handicapping is never a credible strategy for the buyer, rather the latter finds it optimal to punish the opportunistic firm so as to make the pool of competitors more alike. In other words, when opportunistic behaviour arises, the buyer should use handicapping to "level the playing field".
特色分类C73,D82,D44,H57,K12,L14
关键词Repeated Procurement,Handicapping,Relational Contracts,Stick and Carrot Strategy
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/past-performance-evaluation-in-repeated-procurement-a-simple-model-of-handicapping/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117544
推荐引用方式
GB/T 7714
Berardino Cesi,Gian Luigi Albano. Past Performance Evaluation in Repeated Procurement: A Simple Model of Handicapping. 2008.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
NDL2008-019.pdf(219KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Berardino Cesi]的文章
[Gian Luigi Albano]的文章
百度学术
百度学术中相似的文章
[Berardino Cesi]的文章
[Gian Luigi Albano]的文章
必应学术
必应学术中相似的文章
[Berardino Cesi]的文章
[Gian Luigi Albano]的文章
相关权益政策
暂无数据
收藏/分享
文件名: NDL2008-019.pdf
格式: Adobe PDF

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。