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A government agency wants a facility to be built and managed to provide a public service. Two different modes of provision are considered. In a public-private partnership, the tasks of building and managing are bundled, whereas under traditional procurement, these tasks are delegated to separate...
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We revisit the contract-theoretic literature on privatization initiated by Hart et al. (1997). This literature has two …
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A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the …
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This paper concerns optimal redistributive income taxation and provision of a public input good in a two-type model with a minimum wage policy implemented for the low-ability type, where firms may outsource part of the production process abroad, and where outsourcing is substitutable for...
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