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, police officers, fire fighters, and construction workers. It holds conditional on differences in observable state …
Persistent link: https://www.econbiz.de/10011279300
have been successful in the past. In this paper, we study the structure of form construction contracts published by the … bargaining game between the Principal and the Agent. The optimal mechanism corresponding to the AIA construction form is … foundation for a number of the common-law excuses from performance. Finally, the case of form contracts for construction is an …
Persistent link: https://www.econbiz.de/10005233914
The variance of New Zealand’s real GDP has declined since the mid-1980s. To investigate why, this paper decomposes the variance of chain-weighted estimates of production-based real GDP growth into sector shares, sector growth rate variances and co-variances. The principal explanation for the...
Persistent link: https://www.econbiz.de/10005176938
We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can … account for roughly one third of the housing boom, both in terms of prices and new construction. …
Persistent link: https://www.econbiz.de/10005029646