Capital-Intensive Projects Induce More Effort than Labor-Intensive Projects
نویسندگان
چکیده
منابع مشابه
Capital-Intensive Projects Induce More Effort Than Labor-Intensive Projects
Central governments often subsidize capital spending by local governments, instead of subsidizing operating expenses or labor-intensive projects. This paper offers one explanation, focusing on the incentive effects for local officials—a local official can more easily shift the cost of optimizing a project to his successor on a labor-intensive project than on a capital-intensive project.
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1323301