Regulating unproductive contract adaptation: A payment deduction mechanism

To the best of our knowledge, our paper offers a first attempt to uncover a payment deduction mechanism for regulating unproductive contract adaptation. Our model uncovers that the payment deduction mechanism can expropriate the ex post unproductive profit of a contractor. Using the data from Califo...

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Veröffentlicht in:Managerial and decision economics 2024-02
Hauptverfasser: Zhong, Wenqin, Ren, Ligang, Wang, Mengyi
Format: Artikel
Sprache:eng
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