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- W2015403242 abstract "We study a model in which a potential bidder in a government procurement may challenge its exclusion from the procurement before a quasi-judicial board. In the case of a sole-source procurement, the excluded vendor does not know whether the decision was justified in terms of expected surplus or, alternatively, was due to an agency problem. We explain the occurrence of (i) equilibrium protests, (ii) deterrence of inefficient sole sourcing, (iii) overdeterrence (the choice of a competitive procurement when sole source would be appropriate), (iv) buyoff settlements (which preserve inappropriate sole-source procurement) and (v) fedmail settlements (which accompany appropriate sole-source procurements). Our normative analysis addresses recent legislative initiatives to reform the protest process." @default.
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- W2015403242 date "1994-01-01" @default.
- W2015403242 modified "2023-10-18" @default.
- W2015403242 title "Curbing Agency Problems in the Procurement Process by Protest Oversight" @default.
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- W2015403242 doi "https://doi.org/10.2307/2555832" @default.
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