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traditional procurement (TP) and public-private partnership (PPP). We show that a mixed regime, in which TP is used in one …
Persistent link: https://www.econbiz.de/10011956309
Fiscal disparity leads to a yardstick bias, in that incumbents in fiscally-rich jurisdictions can provide more public goods, extract more rents and yet have a higher probability to be reelected. This study further emphasizes disparity among jurisdictions, not only in terms of fiscal resources...
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, procurement, and management of large infrastructure projects through both public-private partnerships (PPPs) and traditional … phases of the infrastructure project cycle: preparation, procurement, and contract management. For PPPs, management of … construction is also assessed. Disclosure of information for PPPs and procurement practices for innovation for TPIs are also …
Persistent link: https://www.econbiz.de/10012647556
Classic public choice skepticism about the regulatory state, based on theories of rent-seeking, rent extraction and regulatory capture, is based on the unrealistic, and usually unstated, assumption of a monopolist regulator. In practice, the regulatory state is polycentric, involving numerous...
Persistent link: https://www.econbiz.de/10012908046
A multi-jurisdictional system is thought to improve, through yardstick competition, accountability. At the same time equalization programs, a common feature of multi-jurisdictional systems, are thought to be a prerequisite for both efficiency of the internal market and the equity objective of...
Persistent link: https://www.econbiz.de/10012778927
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We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …
Persistent link: https://www.econbiz.de/10011700470