This research explores the functional relationship between financial structure and agent's cost-reducing effort in the realm of public-private-partnership (PPP) contracting. I consider a canonical contracting problem where incomplete financial provisions are used to govern the execution of a...

This research identifies the challenges Chicagoland must confront to maintain a quality transit system. It analyzes the organizational and funding structure of the Regional Transportation Authority and its three service providers, including the Chicago Transit Authority. This investigation...