Bidding for Incomplete Contracts_ An Empirical Analysis of Adaptation Costs

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Bidding for Incomplete Contracts_ An Empirical Analysis of Adaptation Costs-AER-201404.pdf (646.91 KB, 需要: 2 个论坛币)

2014-6-27 13:04:22 上传

对不完全契约出价（英文，AER2014年第4期论文）
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Bidding for Incomplete Contracts_ An Empirical Analysis of Adaptation Costs-AER-201404【对不完全契约的报价：一种对适应成本的实证研究（AER论文，2014年第4期，非working paper）】
Abstract
Procurement contracts are often renegotiated because of changes
that are required after their execution. Using highway paving contracts
we show that renegotiation imposes significant adaptation
costs. Reduced form regressions suggest that bidders respond strategically
to contractual incompleteness and that adaptation costs are
an important determinant of their bids. A structural empirical model
compares adaptation costs to bidder markups and shows that adaptation
costs account for 7.5–14 percent of the winning bid. Markups
from private information and market power, the focus of much of the
auctions literature, are much smaller by comparison. Implications
for government procurement are discussed.

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关键词：incomplete Adaptation Contracts Empirical contract 英文 论文

哪里可以下载最新的AER文章啊？

liaoqiumin 发表于 2014-6-27 18:14
哪里可以下载最新的AER文章啊？

如果你是在校学生或者老师，你们学校可能会订这个刊物的电子版的。我就是这样下载到的。

我们学校，难道我没有好好利用资源？我在图书馆电子资源里面再去挖掘下