Advanced Search
MyIDEAS: Login to save this article or follow this journal

A Bureaucrat'S Procurement Strategy: Budget Constraints And Rationing

Contents:

Author Info

  • Signe ANTHON
  • Peter BOGETOFT
  • Bo Jellesmark THORSEN

Abstract

We investigate a bureaucratic principal responsible for the procurement of goods and services from private agents. The bureaucrat is evaluated on output and controlled by a limited budget. The agents maximize profit, have private information about variable production costs, and have positive outside options which are lost upon acceptance of a procurement contract. The setting is relevant for, e.g. governmental agencies. We show how this setup makes probabilistic rationing and overproduction for low-cost agents a useful tool for the bureaucrat. Copyright 2007 The Authors Journal compilation � CIRIEC 2007.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.blackwell-synergy.com/servlet/useragent?func=synergy&synergyAction=showTOC&journalCode=apce&volume=78&issue=2&year=2007&part=null
File Function: link to full text
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Wiley Blackwell in its journal Annals of Public and Cooperative Economics.

Volume (Year): 78 (2007)
Issue (Month): 2 (06)
Pages: 221-244

as in new window
Handle: RePEc:bla:annpce:v:78:y:2007:i:2:p:221-244

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1370-4788

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=1370-4788

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Thorsen, Bo Jellesmark & Bakkegaard, Riyong Kim & Palmer, Charles & Delacote, Philippe, 2014. "Unveiling information on opportunity costs in REDD: Who obtains the surplus when policy objectives differ?," Economics Papers from University Paris Dauphine 123456789/12951, Paris Dauphine University.
  2. Vedel, Suzanne Elizabeth & Thorsen, Bo Jellesmark & Jacobsen, Jette Bredahl, 2009. "First-movers, non-movers, and social gains from subsidising entry in markets for nature-based recreational goods," Ecological Economics, Elsevier, vol. 68(8-9), pages 2363-2371, June.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bla:annpce:v:78:y:2007:i:2:p:221-244. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.