Time overruns as opportunistic behavior in public procurement

DOI10.1007/S00712-013-0352-6zbMath1294.91184OpenAlexW1504699750MaRDI QIDQ403756

Michele Moretto, Paola Valbonesi, Chiara D'Alpaos, Sergio Vergalli

Publication date: 29 August 2014

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/139507/files/NDL2012-078.pdf

zbMATH Keywords

real optionspublic procurementstrategic time overruns

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Management decision making, including multiple objectives (90B50) Inventory, storage, reservoirs (90B05) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (3)

Editorial: The economics of irreversible choices ⋮ How to apply penalties to avoid delays in projects ⋮ Multidimensional auctions for long-term procurement contracts with early-exit options: the case of conservation contracts

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