Incentive Provision When Contracting Is Costly
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Incentive Provision When Contracting Is Costly
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Author : Ola Kvaløy
language : en
Publisher:
Release Date : 2010
Incentive Provision When Contracting Is Costly written by Ola Kvaløy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Incentive Provision When Contracting Is Costly
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Author : Ola Kvaløy
language : en
Publisher:
Release Date : 2016
Incentive Provision When Contracting Is Costly written by Ola Kvaløy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
We analyse optimal incentive contracts in a model where the probability of court enforcement is determined by the costs spent on contracting. The analysis shows that there is no monotonic relationship between contracting costs and incentive intensity, and that an increase in contracting costs may lead to higher-powered incentives. Moreover, we formulate hypotheses about the relationship between legal systems and incentive provision. Specifically, the model predicts higher-powered incentives in common law than in civil law systems. We also find that better performance measures may induce lower investments in contracting, and potentially lead to lower-powered incentives.
Incentives In Government Contracting
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Author : R. Preston McAfee
language : en
Publisher:
Release Date : 1988
Incentives In Government Contracting written by R. Preston McAfee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Law categories.
Time Related Incentive And Disincentive Provisions In Highway Construction Contracts
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Author : Gary J. Fick
language : en
Publisher: Transportation Research Board
Release Date : 2010
Time Related Incentive And Disincentive Provisions In Highway Construction Contracts written by Gary J. Fick and has been published by Transportation Research Board this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Department Of Defense Incentive Contracting Guide
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Author : United States. Office of the Assistant Secretary of Defense (Installations and Logistics)
language : en
Publisher:
Release Date : 1963
Department Of Defense Incentive Contracting Guide written by United States. Office of the Assistant Secretary of Defense (Installations and Logistics) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1963 with Defense contracts categories.
Essays On Contract Design And Incentive Provision
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Author : Eva I. Hoppe-Fischer
language : en
Publisher: Springer
Release Date : 2019-02-19
Essays On Contract Design And Incentive Provision written by Eva I. Hoppe-Fischer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-19 with Business & Economics categories.
Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.
Effectiveness Of Incentive Disincentive Contract Provisions
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Author : David Arditi
language : en
Publisher:
Release Date : 1994
Effectiveness Of Incentive Disincentive Contract Provisions written by David Arditi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Incentives in industry categories.
The Design Of Incentives For Health Care Providers In Developing Countries
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Author : Jeffrey S. Hammer
language : en
Publisher: World Bank Publications
Release Date : 2001
The Design Of Incentives For Health Care Providers In Developing Countries written by Jeffrey S. Hammer and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Medical care categories.
Whatever the theoretical attractiveness of certain policy options, the fact that public employees are people who make independent decisions about their careers and lifestyles can set bounds on how well government agencies can deliver promised services, such as universal health care, including in rural areas. Hammer and Jack examine the design and limitations of incentives for health care providers to serve in rural areas in developing countries. Governments face two problems: it is costly to compensate well-trained urban physicians enough to relocate to rural areas, and it is difficult to ensure quality care when monitoring performance is costly or impossible.
Estimating User Costs As A Basis For Incentive Disincentive Amounts In Highway Construction Contracts
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Author : James S. Gillespie
language : en
Publisher:
Release Date : 1998
Estimating User Costs As A Basis For Incentive Disincentive Amounts In Highway Construction Contracts written by James S. Gillespie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Road construction contracts categories.
The Virginia Department of Transportation (VDOT) occasionally includes an incentive/ disincentive for early completion (I/D) in its construction contracts. This report presents the results of a project to identify procedures that would (1) enhance the effectiveness and enforceability of the I/D provision and (2) reduce the staff time and effort necessary to determine the need for an I/D and to calculate an appropriate per-day dollar amount. The researcher first reviewed the relevant literature pertaining to construction contracts and to road user cost calculation, and then evaluated the available user cost methodologies, especially computer software. Next, the researcher surveyed the current use of I/D provisions in Virginia and other states, and described VDOT's current project development process, with special emphasis on the user cost data that are typically generated during that process. The report makes five conclusions. First, various forms of I/D, though known by a variety of names, are fundamentally similar. Second, use of an incentive rather than a disincentive alone enhances the enforceability of the disincentive clause, though it may increase the final cost of the contract. Third, cost-plus-time bidding enhances the effectiveness of the incentive clause and the enforceability of the disincentive clause. Fourth, the end of the design public hearing is a logical point for VDOT to judge the need for an I/D. Fifth, road user cost savings calculated from the output of the Highway Capacity Software already in common use in VDOT forms a legally sound justification for a per-day dollar I/D amount.
The Complete Guide To Government Contract Types
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Author : Kenneth R. Segel
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2016-04-01
The Complete Guide To Government Contract Types written by Kenneth R. Segel and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-01 with Business & Economics categories.
Everything You Need to Know About Government Contract Types As the world's single largest buyer of goods and services, the federal government has many ways to structure its procurements. Different situations and conditions often determine the best vehicle for a particular purchase. Contracting officers must assess a wide range of factors to determine which contract type will provide the government the best value and the least risk. The Complete Guide to Government Contract Types provides a comprehensive overview of the key government contract vehicles and types: fixed-price, cost-reimbursement, incentive, and other (which includes letter, indefinite-delivery/indefinite-quantity, and time-and-material contracts). The author first explains the selection process for contract vehicles, which is the basis for selecting the appropriate contract type for the work in question. He then presents a comprehensive, in-depth analysis of each contract type, explaining how each works best to meet certain types of requirements and conditions. This is an essential resource for both contracting officers and contractors seeking to understand and work effectively within the nuances of contract selection and compliance.