GUSTAVO PIGA is Professor of Economics at the University of Rome Tor Vergata, Italy, and Managing Editor of the Rivista di Politica Economica. He is a member of the Scientific Committee of EUROMTS Ltd. and EC and OECD expert on Public Procurement. He is the author of Derivatives in Public Debt Management. KHI V. THAI specializes in public budgeting, financial management and public procurement. He is Editor or Editorial Board Member of several academic journals, and has written or edited numerous books, articles, technical reports and is Principal Investigator of several gr

• The Economics of Public Procurement; G.Piga & Khi V. Thai PART I: MANAGING RISK IN PROCUREMENT Public Procurement under Limited Liability; A.R.Engel & A.Wambach Bid Average Methods in Procurement; G.Albano, M.Bianchi & G.Spagnolo PART II: EFFICIENCY IN PROCUREMENT Combinatorial Procurement Auctions: A Collusion Remedy?; A.Lunander & J-E.Nilsson Auction Formats and Award Rules in Swedish Procurement Auctions; S.Lundberg PART III: CONTRACTING IN PROCUREMENT On the Economics of Subcontracting; A.Wambach & G.von Grawert-May Efficiency of Procurement Procedures for Medical Devices; C.Guccio, G.Pignataro & I.Rizzo PART IV: TRANSPARENCY IN PROCUREMENT Reputation-Based Governance of Public Works; L.Picci Why Do Transparent Public Procurement and Corruption Go Hand in Hand?; R.Coppier & G.Piga PART V: PROCUREMENT DESIGN Environmental Issues in Public Procurement: How Much De-centralization?; A.D'Amato Optimal Information Releasing in Multidimensional Public Procurement; N.Doni