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Author:Branco, F.
Title:Procurement favouritism and technology adoption
Journal:European Economic Review
2002 : JAN, VOL. 46:1, p. 73-91
Index terms:AUCTIONS
Freeterms:PROCUREMENT
TECHNOLOGY ADOPTION
Language:eng
Abstract:It is well known that the design of cost minimizing procurement rules for the selection of a contractor among distinct technological groups requires the favouritism of inefficient firms. In this paper, the authors shows that, if technology adoption is non-contractible, these policies will also provide optimal incentives for the inefficient firms to adopt more efficient technologies.
SCIMA record nr: 229020
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