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Adaptive Contracting
Bennedsen, Morten; Schultz, Christian - Økonomisk Institut, Copenhagen Business School - 2003
No abstract available!
Persistent link: https://www.econbiz.de/10005207041
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Adaptive Contracting: The Trial-and-Error Approach to Outsourcing.
Bennedsen, Morten; Schultz, Christian - Økonomisk Institut, Københavns Universitet - 2003
Adaptive contracting is defined as a strategy in which a principal experiments - through trial-and-error - with the degree of contractual completeness. We highlight two potential benefits of an adaptive approach: First, the implied delegation of authority can be beneficial for the principal even...
Persistent link: https://www.econbiz.de/10005749526
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Arm's length provision of public services
Bennedsen, Morten; Schultz, Christian - 2007
We analyze the economic consequences of strategic delegation of the right to decide between public or private provision of governmental service and/or the authority to negotiate and renegotiate with the chosen service provider. Our model encompass both bureaucratic delegation from a government...
Persistent link: https://www.econbiz.de/10010264261
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Arm's length delegation of public services
Bennedsen, Morten; Schultz, Christian - In: Journal of Public Economics 95 (2011) 7, pp. 543-552
Delegation is a key feature of political decision making: Mayors or prime ministers delegate to subordinates, voters delegate to elected representatives. We analyze the effect of political delegation on public service provision and the choice between private or public providers when contracts...
Persistent link: https://www.econbiz.de/10010574328
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Arm’s Length Provision of Public Services
Bennedsen, Morten; Schultz, Christian - Centre for Industrial Economics (CIE), Økonomisk Institut - 2007
We analyze the economic consequences of strategic delegation of the right to decide between public or private provision of governmental service and/or the authority to negotiate and renegotiate with the chosen service provider. Our model encompass both bureaucratic delegation from a government...
Persistent link: https://www.econbiz.de/10005225409
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Outsourcing, Market Structure and Elections
Bennedsen, Morten; Schultz, Christian - 2003
Persistent link: https://www.econbiz.de/10012142270
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Outsourcing, Market Structure and Elections
Bennedsen, Morten; Schultz, Christian - 2003
outsourcing is more attractive when the private market is competitive, the outsourcing decision will be the same in a competitive …, "public service loving" politician outsources to a lower price. When this is the case and outsourcing is the salient issue in … an election, the median voter prefers a more leftist government to implement the outsourcing …
Persistent link: https://www.econbiz.de/10014074108
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Adaptive Contracting : The Trial-and-Error Approach to Outsourcing
Bennedsen, Morten; Schultz, Christian - 2003
Adaptive contracting occurs when a principal experiments with the delegation of authority through leaving contracts incomplete. We highlight two potential benefits of adaptive contracting: First, the delegation of authority can be advantageous even if the agent acts opportunistically, since...
Persistent link: https://www.econbiz.de/10014074109
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Outsourcing, Market Structure and Elections
Bennedsen, Morten; Schultz, Christian - Økonomisk Institut, Copenhagen Business School - 2003
No Abstarct available!
Persistent link: https://www.econbiz.de/10005419466
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Outsourcing, Market Structure and Elections.
Bennedsen, Morten; Schultz, Christian - Centre for Industrial Economics (CIE), Økonomisk Institut - 2003
outsourcing is more attractive when the privte market is competitive, the outsourcing decision will be the same in a competitive …" politician outsources to a lower price. When this is the case and outsourcing is a salient issue in an election, the median voter … prefers a more "leftist" government to be in charge of the outsourcing. …
Persistent link: https://www.econbiz.de/10005749440