Browsing The Economic and Social Review, Vol. 34, No. 1, Spring, 2003 by Subject "Procurement"
Now showing items 1-1 of 1
-
Procurement contracts under limited liability
(Economic & Social Studies, Dublin, 2003)This paper analyses procurement when contractors have limited liability and when the sponsor cannot commit to any specific form of future negotiation. It shows that introducing limited liability enhances competition and ...