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Procurement Contracting with Time Incentives: Theory and Evidence

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NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14855
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In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading example is highway construction, where slow completion times inflict a negative externality on commuters. Recently, highway departments have introduced innovative contracting methods
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2009-04-01
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