| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061409 | Economics Letters | 2009 | 4 Pages |
Abstract
Firms compete for a contract and subcontract part of the work. If subcontracting takes place before the award of the contract, the revenue equivalence result breaks down, as subcontractors anticipate that their bids influence the probability of the firm winning the contract. Properties of the optimal subcontracting mechanism are discussed.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Achim Wambach,