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Contractual Rigidity and Political Contestability : Revisiting Public Contract Renegotiations
Beuve, Jean; Moszoro, Marian W.; Spiller, Pablo T. - National Bureau of Economic Research - 2021
We present a model of public procurement in which both contractual flexibility and political tolerance for contractual deviations determine renegotiations. In the model, contractual flexibility allows for adaptation without formal renegotiation while political tolerance for deviations decreases...
Persistent link: https://www.econbiz.de/10012482706
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Soft Budgets and Renegotiations in Public-Private Partnerships
Engel, Eduardo - 2009
potential to increase efficiency and improve resource allocation, contract renegotiations have been pervasive … (iv) there are significant renegotiations in the early stages of the contract, e.g. during construction. We use data on …
Persistent link: https://www.econbiz.de/10012463350
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How does Risk Selection Respond to Risk Adjustment? Evidence from the Medicare Advantage Program
Brown, Jason - 2011
Governments often contract with private firms to provide public services such as health care and education. To decrease …
Persistent link: https://www.econbiz.de/10012461681
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Are Dynamic Vickrey Auctions Practical? : Properties of the Combinatorial Clock Auction
Levin, Jonathan - 2014
The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide range of ex post equilibria with demand expansion,...
Persistent link: https://www.econbiz.de/10012458181
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Trust and Insurance Contracts
Gennaioli, Nicola - 2020
We assemble and analyze a new data set of homeowner insurance claims from 28 independently operated country subsidiaries of a multinational insurance company. A fundamental feature of the data is that such claims are often disputed, and lead to rejections or lower payments. We propose a new...
Persistent link: https://www.econbiz.de/10012481772
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Coercive Contract Enforcement : Law and the Labor Market in 19th Century Industrial Britain
Naidu, Suresh - 2011
British Master and Servant law made employee contract breach a criminal offense until 1875. We develop a contracting … model generating equilibrium contract breach and prosecutions, then exploit exogenous changes in output prices to examine … prosecutions, and wages responded more to labor demand shocks. Coercive contract enforcement was applied in industrial Britain …
Persistent link: https://www.econbiz.de/10012461607
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Occupational Licensing and Accountant Quality : Evidence from the 150-Hour Rule
Barrios, John M. - National Bureau of Economic Research - 2021
I examine the effects of occupational licensing on the quality of Certified Public Accountants (CPAs). I exploit the staggered adoption of the 150-hour rule, which increases the educational requirements for a CPA license. The analysis shows that the rule decreases the number of entrants into the...
Persistent link: https://www.econbiz.de/10012659996
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Occupational Licensing and the Healthcare Labor Market
Dillender, Marcus; LoSasso, Anthony; Phelan, Brian J.; … - National Bureau of Economic Research - 2022
We examine the labor market impact of states easing occupational license requirements by expanding the scope of practice (SOP) for nurse practitioners (NPs), allowing them to practice without physician oversight. Using data on job postings, we find that employers increase their demand for NPs...
Persistent link: https://www.econbiz.de/10012814440
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Occupational Licensing and the Inter-State Mobility of Professionals
Pashigian, B. Peter - 1977
This paper attempts to measure the effect of occupational licensing, restrictions on reciprocity, location specific investment in reputation and earnings on the interstate mobility of professionals. While 34 professional occupations are analyzed, special attention is focused on the legal...
Persistent link: https://www.econbiz.de/10012478916
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Consumer Protection in an Online World : An Analysis of Occupational Licensing
Farronato, Chiara - 2020
We study the effects of occupational licensing on consumer choices and market outcomes in a large online platform for residential home services. We exploit exogenous variation in the time at which licenses are displayed on the platform to identify the causal effects of licensing information on...
Persistent link: https://www.econbiz.de/10012479126