Tuesday , January 18 2022
Home / Bandiera, Bosio, Spagnolo

Bandiera, Bosio, Spagnolo



Articles by Bandiera, Bosio, Spagnolo

Discretion, efficiency, and abuse in public procurement: A new eBook

November 30, 2021

The procurement of public goods and services is a textbook example of moral hazard – an agent buys goods that he does not use with money he does not own. The agent’s goal is typically set to achieve ‘value for money’ for the taxpayer, but value for money is hard to measure and often not entirely under the control of the agent (Manelli and Vincent 1996, Hart et al. 1997). In the textbook set up of the principal–agent model, there are just two actors. Reality is somewhat more complex, as the person in charge of enforcing rules is not the principal (i.e. the taxpayer) but rather another agent on a higher rung of the hierarchy who faces moral hazard problems of her own. 
A new CEPR eBook (Bandiera et al. 2021) brings together recent research on several aspects of the agency problems

Read More »

Procurement in Focus: Rules, Discretion, and Emergencies

November 30, 2021

Covid-19 has served as a global case study for increased discretion in public procurement, with governments worldwide making rules more flexible to increase spending, reduce the damage, and save lives. This CEPR eBook provides fascinating insights into the tension between rules and discretion in public procurement, including through several country-level case studies.

PDF Download

Contents
Foreword
IntroductionOriana Bandiera, Erica Bosio and Giancarlo Spagnolo
Part I: Rules versus discretion
Rules, bunching and discretion in emergency procurement: Evidence from an earthquakeDecio Coviello, Giancarlo Spagnolo and Clarissa Lotti
Renegotiations of public contracts: A blessing in disguise?Jean Beuve and

Read More »