1,721,163 research outputs found
Modelling interactions between state and private sector in a "prevoiusly" centrally planned economy
No full text
Riforme nei servizi di pubblica utilità e tutela dei vulnerable consumers in Europa
No full textpresentazione del problema di misurazione dell'accesso al consumo minimo di public utilities e relative policy implication
Le concessioni di servizio nel settore idrico
No full textConcessioni di servizi idrici; comparazioni contratti di concessione e clausole adottate in diversi paesi europe
Privatising by auction in the Eastern European transition countries: the czechoslovak experience"
No full textFirm Regulation and Profit-sharing: A Real Option Approach
No full textNote di Lavoro n.6.2, FEEM, Milan
Subcontracting in Public Procurement: an empirical investigation
Full text linkWe assemble a new dataset to empirically investigate subcontracting in Italian public procurement. We use provisions of the pre-qualication system to disentangle two types of subcontracting. Under the provisions of this system, bidders in the auctions that award public contracts can be classied as either partially or fully qualied to execute the tendered project. Partially qualied bidders are required to find qualied subcontractors to execute part of the work (i.e. legally required
subcontracting), while fully qualied bidders can freely choose whether to subcontract (i.e. voluntary subcontracting). We capture the effect of the terms of the subcontract on the firms' bids. We find that firms that subcontract by choice offer,
on average, higher rebates (i.e., lower prices) than firms that are legally required to outsource. This result, which holds true after controlling for auction characteristics, firm fixed-effects, and subcontracting characteristics, indicates that firms discount
their potential subcontracting position when they bid on rebates. Moreover, because subcontracting by choice and by law in the context of our study determines the role of horizontal and vertical outsourcing, our analysis provides the first test of these
strategies in the public procurement supply chain
"Equilibrium State Aid in Integrating Markets"
No full textWe present a model of the impact of state aid on equilibrium market structure and on market performance in an integrating market when the process of integration is driven by consumer inertia. In a partial equilibrium model, it is an equilibrium for governments to grant state aid, even though this reduces common market welfare
- …
