McAfee, R. Preston; McMillan, John - 2019
incentive contract shares cost overruns and cost underruns between the government and the contractor according to a … predetermined ratio. An incentive contract stimulates competition among the firms bidding for the contract and shares the project … Incentives -- 3. The Optimal Contract -- 4. Competition in Bidding -- 5. Simulations with Incentive Contracts -- 6. United States …