Showing 1 - 10 of 35
Persistent link: https://www.econbiz.de/10013342882
Prevailing wage laws, which require that construction workers employed by private contractors on public projects be paid at least the wages and benefits that are "prevailing" for similar work in or near the locality in which the project is located, have been the focus of an extensive policy...
Persistent link: https://www.econbiz.de/10012471329
Regulating bidder participation in auctions can potentially increase efficiency compared to standard auction formats with free entry. We show that the relative performance of two such mechanisms, a standard first-price auction with free entry and an entry rights auction, depends...
Persistent link: https://www.econbiz.de/10012459309
Infrastructure costs in the United States are high and rising. The procurement process is one potential cost driver. In … think drive costs. We then assemble a new dataset of project-level infrastructure costs. We correlate the survey practices …
Persistent link: https://www.econbiz.de/10014372462
This paper examines the structure, behavior and performance of the N95 respirator market in the U.S. before and during the COVID-19 pandemic (2020-early 2022). It focuses on the behavior and performance of government and private sector organizations in the allocation of scarce supplies of N95...
Persistent link: https://www.econbiz.de/10013172175
Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the … spending. At the same time, PPPs can lead to important efficiency gains, especially for transportation infrastructure. These … infrastructure. The governance can be improved by the use of contracts with appropriate risk allocation and by avoiding opportunistic …
Persistent link: https://www.econbiz.de/10012479290
This paper summarizes economic research on investment in public infrastructure and introduces the findings of several … in building, financing, and operating infrastructure, including limitations of private capital markets, externalities …, and the control of natural monopolies. It then describes the conditions that characterize an optimal infrastructure …
Persistent link: https://www.econbiz.de/10012482434
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
Public-private partnerships (PPPs) are increasingly used to provide infrastructure services. Even though PPPs have the …
Persistent link: https://www.econbiz.de/10012463350
We offer empirical information on the correlates of commercialization activity for research projects funded through the U.S. National Institutes of Health's (NIH's) Small Business Innovation Research (SBIR) award program. Based on this analysis we suggest possible recommendations for improving...
Persistent link: https://www.econbiz.de/10012464589