Showing 41 - 50 of 524
Persistent link: https://www.econbiz.de/10003953973
Persistent link: https://www.econbiz.de/10011148295
We build on the existing literature in public-private partnerships (PPP) to analyze the main incentive issues in PPPs and the shape of optimal contracts in those contexts. We present a basic model of procurement in a multitask environment in which a risk-averse firm chooses noncontractible...
Persistent link: https://www.econbiz.de/10011148297
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm’s investment is unobservable to authorities. The presence of...
Persistent link: https://www.econbiz.de/10011154906
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm’s investment is unobservable to authorities. Externality and asymmetric...
Persistent link: https://www.econbiz.de/10010579436
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. The presence of...
Persistent link: https://www.econbiz.de/10010632953
Persistent link: https://www.econbiz.de/10010905651
A community of agents decide to provide itself with a noxious facility. To do so, they call on a firm that will be in charge of the siting and the construction of the facility. In such a context, the firm propose a siting/pricing mechanism to the community. Under incomplete information, we show...
Persistent link: https://www.econbiz.de/10010780265
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. Externality and asymmetric...
Persistent link: https://www.econbiz.de/10011580426
We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. Externality and asymmetric...
Persistent link: https://www.econbiz.de/10010539769