Schmitz, Patrick W. (2013). Public procurement in times of crisis: The bundling decision reconsidered. Econ. Lett., 121 (3). S. 533 - 537. LAUSANNE: ELSEVIER SCIENCE SA. ISSN 1873-7374
Full text not available from this repository.Abstract
The government wants two tasks to be performed. In each task, unobservable effort can be exerted by a wealth-constrained private contractor. If the government faces no binding budget constraints, it is optimal to bundle the tasks. The contractor in charge of both tasks then gets a bonus payment if and only if both tasks are successful. Yet, if the government has only a limited budget, it may be optimal to separate the tasks, so that there are two contractors each in charge of one task. In this case, high efforts in both tasks can be implemented with smaller bonus payments. (C) 2013 The Author. Published by Elsevier B.V. All rights reserved.
| Item Type: | Journal Article | ||||||||
| Creators: |
|
||||||||
| URN: | urn:nbn:de:hbz:38-470476 | ||||||||
| DOI: | 10.1016/j.econlet.2013.10.015 | ||||||||
| Journal or Publication Title: | Econ. Lett. | ||||||||
| Volume: | 121 | ||||||||
| Number: | 3 | ||||||||
| Page Range: | S. 533 - 537 | ||||||||
| Date: | 2013 | ||||||||
| Publisher: | ELSEVIER SCIENCE SA | ||||||||
| Place of Publication: | LAUSANNE | ||||||||
| ISSN: | 1873-7374 | ||||||||
| Language: | English | ||||||||
| Faculty: | Unspecified | ||||||||
| Divisions: | Unspecified | ||||||||
| Subjects: | no entry | ||||||||
| Uncontrolled Keywords: |
|
||||||||
| URI: | http://kups.ub.uni-koeln.de/id/eprint/47047 |
Downloads
Downloads per month over past year
Altmetric
Export
Actions (login required)
 |
View Item |