Mechanism Induced Cost Overruns
Autor(a) principal: | |
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Data de Publicação: | 1989 |
Outros Autores: | |
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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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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7160 |
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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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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 |
repository.mail.fl_str_mv |
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1799137983413092353 |