The Simple Economics of Incentive Contracting
β Scribed by J. J. McCall
- Book ID
- 125658125
- Publisher
- American Economic Association
- Year
- 1970
- Tongue
- English
- Weight
- 587 KB
- Volume
- 60
- Category
- Article
- ISSN
- 0002-8282
- DOI
- 10.2307/1818284
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
The 'Lakewood Plan' of municipal service contracting is a system which allows California cities to purchase basic local government services from county government departments rather than produce the services in-house.1 Services commonly purchased on contract by cities include street rapair and light
Financial incentives in contracts can impact contractor's focus on safety. To elaborate on this issue the relationship between an oil company and a drilling contractor is used. We analyse how an operator influences the actions of a drilling contractor with the aid of financial and other incentives,