Showing 151 - 160 of 762,134
model the managerial decision whether to signal the firm's type through substantial self-regulation, or whether to stay in … step with the rest of the industry through modest levels of self-regulation. Self-regulation is a double-edged sword: it …
Persistent link: https://www.econbiz.de/10014140976
This paper derives an Equivalence Principle between organizational forms of supervisory and productive activities. We consider an organization with an agent privately informed on his productivity and a risk averse supervisor getting signals on the agent's type. In a centralized organization, the...
Persistent link: https://www.econbiz.de/10014126846
patient driven competition between GPs and specialists. Most of the literature on the performance of primary care has dealt …
Persistent link: https://www.econbiz.de/10014071531
We make three contributions to the theory of contracting under asymmetric information. First, we establish a competitive analog to the revelation principle which we call the implementation principle. This principle provides a complete characterization of all incentive compatible, indirect...
Persistent link: https://www.econbiz.de/10014033695
We make three contributions to the theory of contracting under asymmetric information. First, we establish a competitive analog to the revelation principle which we call the implementation principle. This principle provides a complete characterization of all incentive compatible, indirect...
Persistent link: https://www.econbiz.de/10014033862
Postal markets have been open to competition for a long time. But, with a few exceptions, the competitors of the … competition to the downstream segments of the market - the delivery of mails. In the future, two business models will be possible … network and bypass where the competing firm controls the entire supply chain and delivers mails with its own delivery network …
Persistent link: https://www.econbiz.de/10014055719
The paper addresses the question of pricing access to the network facilities of an incumbent firm after deregulation …. Network access pricing continues to be regulated in such industries as telecommunications, railroads, electric power and … incentives for entry and show that properly chosen access prices provide incentives for efficient entry using several alternative …
Persistent link: https://www.econbiz.de/10014035273
Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are justified on efficiency grounds, the contract that optimally balances demand risk, user-fee distortions and the opportunity cost of public funds, features a minimum revenue guarantee and a...
Persistent link: https://www.econbiz.de/10003810983
Evidence from ongoing procurement and concession contracts shows that time overruns are widespread. Two key elements, among others, can affect the delays in the execution of the contracts: a) uncertainty over production costs; b) inefficiency in the judicial system. In this article we summarize...
Persistent link: https://www.econbiz.de/10013057144
We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...
Persistent link: https://www.econbiz.de/10012454088