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We analyze if and how multi-prize Tullock contests can be used to guarantee efficient contributions to a public good when agents are heterogenous both with respect to the costs of production of the public good and with respect to the utility from its consumption. With two types of individuals,...
Persistent link: https://www.econbiz.de/10014212028
Persistent link: https://www.econbiz.de/10001510204
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper the authors give an explanation for this institutional setting. For incomplete procurement contracts they show that such may increase efficiency. They show that efficiency can be...
Persistent link: https://www.econbiz.de/10001491110
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a separation may increase efficiency. We show that efficiency can be...
Persistent link: https://www.econbiz.de/10011539673
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a separation may increase efficiency. We show that efficiency can be...
Persistent link: https://www.econbiz.de/10009781579
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a separation may increase efficiency. We show that efficiency can be...
Persistent link: https://www.econbiz.de/10013321100
Persistent link: https://www.econbiz.de/10001304384