This paper considers the supplier's strategic delivery lead time in a public procurement setting as the result of the firm's opportunistic behaviour on the optimal investment timing. In the presence of uncertainty on construction costs, we model the supplier's option to defer the contract's...

Bei der Auslagerung staatlicher Tätigkeiten auf private Partner kommt es für den Bereich personalintensiver Dienstleistungen durch die anfallende deutsche Umsatzsteuer zu einer zusätzlichen Kostenbelastung, die die Hoheitsträger bisher oft von Outsourcing abhält. Für den Bereich der...

An welchen Kriterien sollte sich die Entscheidung über die bestmögliche Aufgabenverteilung zwischen staatlichen Stellen und privaten Akteuren bezüglich Finanzierung, Erstellung und Betrieb öffentlicher Infrastruktureinrichtungen orientieren? Während die unmittelbare Erstellung der...

This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...

Das vorliegende Working Paper beinhaltet Vortragsmanuskripte zu drei Dissertationsprojekten, die in den Jahren 2002 und 2003 am Lehrstuhl erfolgreich abgeschlossen wurden. Es handelt sich dabei um die Arbeit von Dr. Klinke zum Finanzcontrolling in mittelständischen Bauunternehmen mit...

The construction sector plays a key role in providing structures for economies. This paper surveys the literature on key issues pertaining to the construction sector. It starts by summarizing our knowledge about differences in unit costs across time and space. It then discusses key bottlenecks...

This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy's rate of technological change. We incorporate results of...

Social infrastructure has endured a long period of neglect in most developed and emerging countries, with chronic underinvestment exposed by the coronavirus crisis 2020. The financial crisis 2007/08 led to a slow revival of economic infrastructure policies, and a growing involvement of...

Energy demand growth in Southeast Asian countries is predicted to be the highest in the world, with Indonesia having the highest urbanization rate. Along with growing urban areas, public infrastructures, such as streetlights, are also expanding. Unfortunately, energy conservation measures in...

The study examined the long run association between disaggregated public expenditure and inflation rate in selected African countries with data spanning 1990-2019. The study employed a panel cointegration technique and estimated the cointegrating relationship using the Fully Modified OLS...