Cost Overruns in Long Term Projects
We consider a repeated contract game between a sponsor (principal) and a contractor (agent) concerning a large scale project, where the project requires a number of tasks to be completed before the benefit from the project can be realized. There is cost uncertainty and the contractor has private, ta...
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| Format: | workingPaper |
| Language: | eng |
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2019
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| Online Access: | http://hdl.handle.net/10362/84946 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/84946 |