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Competition of Politicians for Incentive Contracts and Elections

โœ Scribed by Hans Gersbach

Publisher
Springer US
Year
2004
Tongue
English
Weight
141 KB
Volume
121
Category
Article
ISSN
0048-5829

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A mathematical model is used to analyze how to structure on-time delivery incentives in a contract between a buyer and a single supplier of raw materials when early shipments are forbidden. The buyer's choice of incentives takes the supplier's cost-minimizing response to incentives into account. The