Incentives and adaptation evidence from highway procurement in Minnesota
"Procurement projects often encounter unanticipated problems. Deadlines and penalties are one important instrument used to incentivize contractors to adapt their plans. We develop a theory of highway procurement in which contractors must modify their construction rate following a productivity...
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Format: | UnknownFormat |
Sprache: | eng |
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Cambridge, Mass.
National Bureau of Economic Research
2011
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Schriftenreihe: | NBER working paper series
17647 |
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