- Tytuł:
- Tradeoff between Equity and Effciency in Revenue Sharing Contracts
- Autorzy:
-
Kamiński, Bogumił
Łatek, Maciej - Powiązania:
- https://bibliotekanauki.pl/articles/483345.pdf
- Data publikacji:
- 2010
- Wydawca:
- Polska Akademia Nauk. Czytelnia Czasopism PAN
- Tematy:
-
Moral Hazard
Team Production
Cost Inflation
Project Management - Opis:
- We investigate the problem of setting revenue sharing rules in a team production environment with a principal and two agents. We assume that the project output is binary and that the principal can observe the level of agents' actual effort, but does not know the production function. Identifying conditions that ensure the eficiency of the revenue sharing rule, we show that the rule of equal percentage markups can lead to inflation of project costs. This result provides an explanation for project cost overruns other than untruthful cost reporting.
- Źródło:
-
Central European Journal of Economic Modelling and Econometrics; 2010, 2, 1; 1-16
2080-0886
2080-119X - Pojawia się w:
- Central European Journal of Economic Modelling and Econometrics
- Dostawca treści:
- Biblioteka Nauki
Artykuł