Risk transfer, self-selection and ex post efficiency in public procurement
We use standard results from agency theory to assess the ex ante and ex post efficiency of the fixed price risk transfer contracts used to procure public infrastructure under the Private Finance Initiative (PFI) in the United Kingdom. We argue that these contracts act as a revelation mechanism desig...
Zapisane w:
| Wydane w: | URI:https://journals.openedition.org/rei, |
|---|---|
| 1. autor: | |
| Format: | Article ou chapitre numérique |
| Język: | Anglais |
| Wydane: |
Revue d’économie industrielle
2013
|
| Hasła przedmiotowe: | |
| Dostęp online: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |