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How can organizations ensure that they can get best value for money in their procurement decisions? How can they stimulate innovations from their dedicated suppliers? With contributions from leading academics and professionals, this 2006 handbook offers expert guidance on the fundamental aspects of successful procurement design and management in firms, public administrations, and international institutions. The issues addressed include the management of dynamic procurement; the handling of procurement risk; the architecture of purchasing systems; the structure of incentives in procurement contracts; methods to increase suppliers' participation in procurement contests and e-procurement platforms; how to minimize the risk of collusion and of corruption; pricing and reputation mechanisms in e-procurement platforms; and how procurement can enhance innovation. Inspired by frontier research, it provides practical recommendations to managers, engineers and lawyers engaged in private and public procurement design.
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.
An international team of experts covers the pros and cons of different auction formats and lessons learned in the field.
A Symposium was held on February 25, 2006 in honor of the 80th birthday of Saul I. Gass and his major contributions to the field of operations research over 50 years. This volume includes articles from each of the Symposium speakers plus 16 other articles from friends, colleagues, and former students. Each contributor offers a forward-looking perspective on the future development of the field.
An enlightening examination of the role of information in modern economics and how it influences policy and politics.
Think wind, solar, and batteries can replace the hydrocarbon fuels that power our modern industrialized society? Green Breakdown shows why the Net Zero agenda—a forced transition to renewable energy—is costly, dangerous, and destined for failure. Using science, economics, and in-depth analysis, Steve Goreham exposes the weaknesses in the planned green energy transition and predicts a coming renewable energy failure. Green Breakdown is a complete discussion of all facets of the proposed green energy transition, including hydrocarbon and renewable energy, biofuels, power plants, home appliances, electric vehicles, ships, airlines, heavy industry, carbon capture and storage, and the hydrogen economy. Goreham uses color charts and graphs, and references to numerous studies to support his arguments. At the same time, his large collection of cartoons, colorful images, and quotes grabs the reader's interest. Green Breakdown is essential reading for anyone wishing to understand the truth about energy production, energy use, and policies related to climate change.
Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the f...
This book consists of 12 case studies—from building the foundation for eliminating the military draft in 1973 to implementing the Pension Reform Act in 2006—that demonstrate how economic research has improved economic and social conditions over the past half century by influencing public policy decisions.
At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. Yet in the harsh light of a new day, attacks against government intervention and the global drive for austerity are as strong as ever. Never Let a Serious Crisis Go to Waste is the definitive account of the wreckage of what passes for economic thought, and how neoliberal ideas were used to solve the very crisis they had created. Now updated with a new afterword, Philip Mirowski’s sharp and witty work provides a roadmap for those looking to escape today’s misguided economic dogma.