This study draws upon a large national survey of Chinese public cognition and attitude towards climate change and analyze the determinants of consumers' WTP for energy-efficient and environment-friendly products. 85 percent of respondents indicate that they are willing to pay at least 10 percent...

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...

This paper examines bidding behavior in a setting where post-bid-letting project modifications occur. These modifications change both the costs and payouts to the winning contractor, making the contract incomplete. Recent empirical research shows that bidders incorporate the likelihood of such...