Showing 1 - 10 of 99
We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...
Persistent link: https://www.econbiz.de/10011925624
This paper aims to characterise a dynamic, incentive-compatible contract for the provision of health services, allowing … private information of the provider. We characterise the optimal dynamic contract and show that it is made up of two …, which is affected by both patient and hospital characteristics. To illustrate the characteristics of the dynamic contract …
Persistent link: https://www.econbiz.de/10014342117
This paper investigates the design of incentives in a dynamic adverse selection framework when agents’ production technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show...
Persistent link: https://www.econbiz.de/10003892452
Persistent link: https://www.econbiz.de/10011303061
In a continuous-time setting, we study the design of a dynamic contract between a government and a private entity …
Persistent link: https://www.econbiz.de/10013547855
. Contract information is now accessible not only to current and prospective donors, but also to rival nonprofit organizations … competing for donations in the fundraising market. Our aim is to investigate the impact of publicly available contract … information on fundraising competition of nonprofit organizations. We argue that, although such provision makes contract …
Persistent link: https://www.econbiz.de/10012383902
We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...
Persistent link: https://www.econbiz.de/10011601121
We consider a long-term contractual relationship in which a buyer procures a fixed quantity of a product from a supplier and then sells it on the market. The production cost is private information and evolves randomly over time. The solution to this dynamic principal-agent problem involves a...
Persistent link: https://www.econbiz.de/10014478916
We evaluate incentives for residential energy upgrades in Italy using data from an original survey of Italian homeowners. In this paper, attention is restricted to heating system replacements, and to the effect of monetary and non-monetary incentives on the propensity to replace the heating...
Persistent link: https://www.econbiz.de/10010436650
Persistent link: https://www.econbiz.de/10012001840