simple linear contract, we study the incentives of private contractors to offer bribes and the incidence of corruption under …

A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by …

suppliers, facing variable production costs, must simultaneously report the contract price and the cost level at which they …

concession contract, which allows a private firm to charge tolls to road users during a pre-determined period in order to recover … to the government, or minimum term to hold the contract. This paper discusses, in the context of road franchising, how … this mechanism does not generally yield optimal outcomes and it induces the frequent contract renegotiations observed in …

. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … when the contract does not provide for any compensation for late-delivery …