Moral hazard in repeated procurement of services

Moral hazard in repeated procurement of services

This paper analyzes repeated procurement of services as a two period model with a potential repeated agency relationship. In the first period, there is an incumbent who provides a service. In the second period, there is a contest stage in which the principal selects the next service provider. The ag...

書目詳細資料
主要作者:	Esteve-Gonzalez, P
格式:	Journal article
出版:	Elsevier 2016

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