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We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The industry consists of a polluting firm with private information about its production technology. Implementing a transfer-based regulation policy requires the government to make...
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We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
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. In a similar vein, public food procurement has also been used to promote a number of positive outcomes. There is growing … smallholders into markets and strengthen rural livelihoods. Despite the expansion of public food procurement from smallholder … identifying best practices in promoting smallholder participation in public food procurement. It reviews the body of available …
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