economics ; incomplete contracts ; construction ; agency theory ; industry studies ; outsourcing ; procurement …

We investigate the relationship between the time politicians stay in office and the functioning of public procurement …. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they … of favoritism in repeated procurement auctions, where time reveals collusive types, thus increasing the value of illegal …

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment … amount between a risky asset and a safe asset. Subjects were informed that the investment plans they made in the Decision …

Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement …. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … intensity per firm rather than just a misallocation towards smaller firms and lower entry. We generalize the theory to allow for …

winning an Open award increases future venture capital investment, non-SBIR defense contracting, and patenting. Conventional …

government procurement contracts from smaller to larger firms. Consequently, industries become more concentrated and growth …