Includes bibliographical references and index.

Contents: Part I. Preliminaries: 1. Introduction Nicola Dimitri, Gustavo Piga and Giancarlo Spagnolo; 2. The variety of procurement practice: evidence from public procurement Laura Carpineti, Gustavo Piga and Matteo Zanza; Part II. General Strategic Principles: 3. When should procurement be centralized? Federico Dini, Nicola Dimitri and Gustavo Piga; 4. Procurement contracting strategies Gian Luigi Albano, Giacomo Calzolari, Federico Dini, Elisabetta Iossa and Giancarlo Spagnolo; 5. Incentives and award procedures: competitive tendering vs. negotiations in procurement Patrick Bajari and Steven Tadelis; Part III. Competitive Tendering Strategies: 6. Information and competitive tendering Gian Luigi Albano, Nicola Dimitri, Riccardo Pacini and Giancarlo Spagnolo; 7. Division in lots and competition in procurement Veronika Grimm, Riccardo Pacini, Giancarlo Spagnolo and Matteo Zanza; 8. Multi-contract tendering procedures and package bidding in procurement Nicola Dimitri, Riccardo Pacini, Marco Pagnozzi and Giancarlo Spagnolo; 9. Innovative dynamic auctions in procurement Lawrence Ausubel and Peter Cramton; Part IV. Attracting and Screening Participants: 10. Business strategies for e-procurement (B2B) platforms Bruno Jullien; 11. Fostering participation Gian Luigi Albano, Nicola Dimitri, Isabelle Perrigne and Gustavo Piga; 12. Scoring rules Federico Dini, Riccardo Pacini and Tommaso Valletti; 13. Managing risky bids Andreas Engel, Juan Jose Ganuza, Esther Hauk and Achim Wambach; Part V. Preventing Collusion and Corruption: 14. Preventing collusion in procurement Gian Luigi Albano, Paolo Buccirossi, Giancarlo Spagnolo and Matteo Zanza; 15. Bidding rings and the design of anti-collusive measures for auctions and procurement William E. Kovacic, Robert C. Marshall, Leslie M. Marx and Matthew E. Raiff; 16. Preventing corruption in procurement Yvan Lengwiler and Elmar Wolfstetter; Part VI. Dynamic Forces and Innovation: 17. Managing dynamic procurement Tracy R. Lewis and Huseyin Yildirim; 18. Designing feedback mechanisms for e-procurement platforms Chrysanthos Dellarocas, Federico Dini and Giancarlo Spagnolo; 19. Procurement and innovation Luis Cabral, Guido Cozzi, Vincenzo Denicolo, Gustavo Piga, Giancarlo Spagnolo and Matteo Zanza.

How can organizations ensure that they get best value for money in their procurement decisions? Inspired by frontier research, this 2006 handbook offers expert guidance on the fundamental aspects of successful procurement design and management in firms, public administrations and international institutions.

Also available in print.