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This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive compatible social choice function is partially...
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associated with risk allocation in PPP projects. They include partners’ risk management routine, partners’ risk management … mechanism, partners’ cooperation history, risk management environmental uncertainty, and partners’ risk management commitment …
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idiosyncrasy in the management and delivery processes such as long-term lifecycle, incomplete contracting, and the multitude of … currently missing, into the risk management research. A TCE-based approach is proposed as a logical framework for allocating … learnt are discussed and alternative management approaches drawing on TCE theory are proposed. …
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Public Private Partnerships (PPP) as a procurement mechanism for infrastructure projects is becoming increasingly common. This is principally due to the value for money opportunities it offers the public sector sponsors. This value for money is primarily achieved through the optimisation of the...
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Both the increasing private participation in public projects and the critical importance of appropriate risk allocation to the success of public-private partnership (PPP) projects justify specific research on the risk allocation practice in PPP projects, particularly whether the practice is...
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We consider a firm that designs a new product and wishes to bring it to market, but does not have ownership or control over all of the resources required to make that happen. The firm must select and contract with one of several possible tier 1 suppliers for necessary inputs, who do the same...
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