Mechanism Induced Cost Overruns

Detalhes bibliográficos
Autor(a) principal: Gaspar, Vítor
Data de Publicação: 1989
Outros Autores: Leite, António Nogueira
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/84569
Resumo: We develop a procurement model where given sensible rules regarding contractor selection cost overruns are expected to occur. In this model, although the sponsor has access to unbiased ex ante estimates of project costs, the selection mechanism induces an ex post downward bias as to project costs. We further investigate the relationship between signal's accuracy and the expected magnitude of the bias.
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spelling Mechanism Induced Cost OverrunsSelection MechanismCost OverrunsWe develop a procurement model where given sensible rules regarding contractor selection cost overruns are expected to occur. In this model, although the sponsor has access to unbiased ex ante estimates of project costs, the selection mechanism induces an ex post downward bias as to project costs. We further investigate the relationship between signal's accuracy and the expected magnitude of the bias.Nova SBERUNGaspar, VítorLeite, António Nogueira2019-10-17T15:23:19Z1989-051989-05-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/84569engGaspar, Vitor and Leite, Antonio P.N., Mechanism Induced Cost Overruns (May, 1989). FEUNL Working Paper Series No. 121info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:37:44Zoai:run.unl.pt:10362/84569Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:31.121464Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Mechanism Induced Cost Overruns
title Mechanism Induced Cost Overruns
spellingShingle Mechanism Induced Cost Overruns
Gaspar, Vítor
Selection Mechanism
Cost Overruns
title_short Mechanism Induced Cost Overruns
title_full Mechanism Induced Cost Overruns
title_fullStr Mechanism Induced Cost Overruns
title_full_unstemmed Mechanism Induced Cost Overruns
title_sort Mechanism Induced Cost Overruns
author Gaspar, Vítor
author_facet Gaspar, Vítor
Leite, António Nogueira
author_role author
author2 Leite, António Nogueira
author2_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Gaspar, Vítor
Leite, António Nogueira
dc.subject.por.fl_str_mv Selection Mechanism
Cost Overruns
topic Selection Mechanism
Cost Overruns
description We develop a procurement model where given sensible rules regarding contractor selection cost overruns are expected to occur. In this model, although the sponsor has access to unbiased ex ante estimates of project costs, the selection mechanism induces an ex post downward bias as to project costs. We further investigate the relationship between signal's accuracy and the expected magnitude of the bias.
publishDate 1989
dc.date.none.fl_str_mv 1989-05
1989-05-01T00:00:00Z
2019-10-17T15:23:19Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/84569
url http://hdl.handle.net/10362/84569
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Gaspar, Vitor and Leite, Antonio P.N., Mechanism Induced Cost Overruns (May, 1989). FEUNL Working Paper Series No. 121
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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