Private-Public Partnerships (P.P.P.) is a new contractual model institutionalized in 2004 that could be used to remedy to the infrastructure deficit in Brazil. In a context of a principal and agent relation, the public ...

Este artículo explora los interrogantes económicos de la contratación al establecerse acuerdos bilaterales con información asimétrica unilateral post contractual, cuestión que ayuda a formular un modelo de contratación y ...

Granting autonomy to public hospitals in developing countries has been common over recent decades, and implies a shift from hierarchical to contract-based relationships with health authorities. Theory on transactions costs ...

We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies ...

Provision of infrastructure services is one of the development bottlenecks for Latin American and Caribbean countries. As the Infrastructure Services Unit team has found in its analysis and has warned for many years, ...

We investigate the implications of providing loan officers with a compensation structure that rewards loan volume and penalizes poor performance. Using a unique data set provided by a large international commercial bank, ...

This paper proves equilibrium existence in an incomplete market sequential economy with finitely-lived debt contracts. Introducing credit constraints limiting agents’ access to liquidity, we show that a competitive ...