主   题：  Competition in Procurement Auctions with Corruption

主讲人：许敏波

摘   要：We study the effects of corruption on equilibrium competition and social welfare in a public procurement auction. A bureaucrat runs the auction on behalf of a government. He invites firms into the auction at positive costs, and may request a bribe from the winning firm afterward. We first show that, under standard assumptions, in the absence of corruption, the bureaucrat invites more firms than social optimum number that maximizes social welfare. Secondly, the effects of corruption on competition and social welfare vary across different forms of bribery. In the case of fixed bribe, corruption has no effect on equilibrium competition, yet does induce social welfare loss due to the distortion cost of increased public spending. In the case of proportional bribe, the corrupt bureaucrat will invite less firms into the auction, which may result in Pareto-improving allocation in equilibrium. Finally, we also show that information disclosure may consistently induce more firms to be invited, no matter there is corruption or not.

关于主讲人：  许敏波，北京师范大学，经济与工商管理学院助理教授，美国乔治城大学经济学博士。他的研究方向为产业组织，应用微观。

时 间：2016年10月13日星期四16:00-17:20

地 点：学术会堂南楼608室

主办单位：人力资本与劳动经济研究中心