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Rules, Discretion, and Corruption in Procurement : Evidence from Italian Government Contracting

Decarolis, Francesco; Fisman, Raymond J.; Pinotti, Paolo; … - 2022

for private gain. We study the relationship between discretion and corruption in Italian government procurement auctions …, using a confidential database of firms and procurement officials investigated for corruption by Italian enforcement … associated with corruption only when conducted with fewer than the formally required number of bidders or employing discretionary …

Persistent link: https://www.econbiz.de/10014089924

Procurement Contracting with Time Incentives : Theory and Evidence

Bajari, Patrick - 2010

In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading example is highway construction, where slow completion times inflict a negative externality on commuters. Recently, highway departments have introduced innovative contracting methods...

Persistent link: https://www.econbiz.de/10012757589

Public Contracting for Private Innovation : Government Expertise, Decision Rights, and Performance Outcomes

Bruce, Joshua R. - 2018

We examine how the U.S. Federal Government governs R&D contracts with private-sector firms. The government chooses between two contractual forms: grants and cooperative agreements. The latter provides the government substantially greater discretion over, and monitoring of, project progress....

Persistent link: https://www.econbiz.de/10012916603

Understanding the Effects of a Shock to Government Purchases

Edelberg, Wendy; Eichenbaum, Martin; Fisher, Jonas D. M. - 2021

This paper investigates the consequences of an exogenous increase in U.S. government purchases. We find that in response to such a shock, employment, output, and nonresidential investment rise, while real wages, residential investment, and consumption expenditures fall. The paper argues that a...

Persistent link: https://www.econbiz.de/10013313231

Artificial States

Alesina, Alberto F. - 2010

Artificial states are those in which political borders do not coincide with a division of nationalities desired by the people on the ground. We propose and compute for all countries in the world two new measures how artificial states are. One is based on measuring how borders split ethnic groups...

Persistent link: https://www.econbiz.de/10012761274

Machine Labor

Angrist, Joshua D. - 2019

Machine learning (ML) is mostly a predictive enterprise, while the questions of interest to labor economists are mostly causal. In pursuit of causal effects, however, ML may be useful for automated selection of ordinary least squares (OLS) control variables. We illustrate the utility of ML for...

Persistent link: https://www.econbiz.de/10012857679

Occupational Classifications : A Machine Learning Approach

Ikudo, Akina - 2018

Characterizing the work that people do on their jobs is a longstanding and core issue in labor economics. Traditionally, classification has been done manually. If it were possible to combine new computational tools and administrative wage records to generate an automated crosswalk between job...

Persistent link: https://www.econbiz.de/10012911708

Machine Learning for Regularized Survey Forecast Combination : Partially-Egalitarian Lasso and its Derivatives

Diebold, Francis X. - 2018

Despite the clear success of forecast combination in many economic environments, several important issues remain incompletely resolved. The issues relate to selection of the set of forecasts to combine, and whether some form of additional regularization (e.g., shrinkage) is desirable. Against...

Persistent link: https://www.econbiz.de/10012911728

The Technological Elements of Artificial Intelligence

Taddy, Matthew Alan - 2018

We have seen in the past decade a sharp increase in the extent that companies use data to optimize their businesses. Variously called the `Big Data' or `Data Science' revolution, this has been characterized by massive amounts of data, including unstructured and nontraditional data like text and...

Persistent link: https://www.econbiz.de/10012918102

Robots are Us : Some Economics of Human Replacement

Benzell, Seth - 2015

Will smart machines do to humans what the internal combustion engine did to horses – make them obsolete? If so, can putting people out of work or, at least, good work leave them unable to buy what smart machines produce? Our model's answer is yes. Over time and under the right conditions,...

Persistent link: https://www.econbiz.de/10013028067

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