We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …

Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This … paper focuses on indirect savings. Public administrations that do not procure directly through a central procurement agency …

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …

We study the effects of federal purchases on firm investment using a novel panel dataset that combines federal … procurement contracts in the United States with key financial firm-level information. Using panel fixed-effect models, propensity … firms’ capital investment by 10 to 13 cents. In line with the financial accelerator model, our findings indicate that the …

investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …

investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm s value due to profit sharing, linking this reduction to the …

This paper studies the investment decision by a monopolistic internet service provider (ISP) in different regulatory … nondiscrimination regulation that forces the ISP to provide an equal quality upgrade to both CPs, however, can reduce the ISP ….s investment incentive and social welfare. Furthermore, the investment level is higher if the regulated ISP is allowed to charge …

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of …