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Relationship-Specific Investment and Hold-Up Problems in Supply Chains: Theory and Experiments
Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, ...
Split-Award Auctions: Insights from Theory and Experiments
We investigate procurement in a setting in which the buyer is bound by sourcing rules. Sourcing rules may limit the minimum and maximum amounts of business that can be awarded to a single supplier or dictate the minimum ...