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Renegotiation of public contracts: An empirical analysis

Listed author(s):
  • Decarolis, Francesco
  • Palumbo, Giuliana

Using a dataset of public contracts awarded in Italy between 2000 and 2007, we document two facts: (i) both price and time renegotiations are systematic, but nearly uncorrelated to each other; (ii) renegotiations are linked to the project design stage.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165176515001767
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 132 (2015)
Issue (Month): C ()
Pages: 77-81

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Handle: RePEc:eee:ecolet:v:132:y:2015:i:c:p:77-81
DOI: 10.1016/j.econlet.2015.04.025
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Oriana Bandiera & Andrea Prat & Tommaso Valletti, 2009. "Active and Passive Waste in Government Spending: Evidence from a Policy Experiment," American Economic Review, American Economic Association, vol. 99(4), pages 1278-1308, September.
  2. Luigi Moretti & Paola Valbonesi, 2012. "Subcontracting in Public Procurement: An Empirical Investigation," "Marco Fanno" Working Papers 0154, Dipartimento di Scienze Economiche "Marco Fanno".
  3. Gregory Lewis & Patrick Bajari, 2011. "Procurement Contracting With Time Incentives: Theory and Evidence," The Quarterly Journal of Economics, Oxford University Press, vol. 126(3), pages 1173-1211.
  4. C. Guccio & G. Pignataro & I. Rizzo, 2012. "Determinants of adaptation costs in procurement: an empirical estimation on Italian public works contracts," Applied Economics, Taylor & Francis Journals, vol. 44(15), pages 1891-1909, May.
  5. Francesco Decarolis, 2014. "Awarding Price, Contract Performance, and Bids Screening: Evidence from Procurement Auctions," American Economic Journal: Applied Economics, American Economic Association, vol. 6(1), pages 108-132, January.
  6. Decio Coviello & Stefano Gagliarducci, 2017. "Tenure in Office and Public Procurement," American Economic Journal: Economic Policy, American Economic Association, vol. 9(3), pages 59-105, August.
  7. Lisa J. Cameron, 2000. "Limiting Buyer Discretion: Effects on Performance and Price in Long-Term Contracts," American Economic Review, American Economic Association, vol. 90(1), pages 265-281, March.
  8. Decio Coviello & Luigi Moretti & Giancarlo Spagnolo & Paola Valbonesi, 2013. "Court Efficiency and Procurement Performance," "Marco Fanno" Working Papers 0164, Dipartimento di Scienze Economiche "Marco Fanno".
  9. Orley Ashenfelter & David Ashmore & Randall Filer, 1997. "Contract Form and Procurement Costs: The Impact of Compulsory Multiple Contractor Laws in Construction," NBER Working Papers 5916, National Bureau of Economic Research, Inc.
  10. Patrick Bajari & Stephanie Houghton & Steven Tadelis, 2014. "Bidding for Incomplete Contracts: An Empirical Analysis of Adaptation Costs," American Economic Review, American Economic Association, vol. 104(4), pages 1288-1319, April.
  11. Chiara D’Alpaos & Michele Moretto & Paola Valbonesi & Sergio Vergalli, 2013. "Time overruns as opportunistic behavior in public procurement," Journal of Economics, Springer, vol. 110(1), pages 25-43, September.
  12. Luigi Moretti & Paola Valbonesi, 2015. "Firms’ Qualifications and Subcontracting in Public Procurement: An Empirical Investigation," Journal of Law, Economics and Organization, Oxford University Press, vol. 31(3), pages 568-598.
  13. Coviello, Decio & Mariniello, Mario, 2014. "Publicity requirements in public procurement: Evidence from a regression discontinuity design," Journal of Public Economics, Elsevier, vol. 109(C), pages 76-100.
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