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example of how markets, as opposed to private negotiations, can be used to determine efficient contract terms. -- law and … economics ; incomplete contracts ; construction ; agency theory ; industry studies ; outsourcing ; procurement …
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Programs that encourage the participation of disadvantaged business enterprises (DBE) as subcontractors have been a part of government procurement auctions for over three decades. In this paper, we examine the impact of a program that requires prime contractors to subcontract out a portion of a...
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