Contracting Out, Grievance Procedure and Union Liability

Dynamic Contracting with Limited Liability Constraints

We study a dynamic mechanism design problem in which a buyer seeks to procure an item from a single seller in multiple periods. The seller is privately informed about her procurement cost at each period, and this cost may be serially correlated over time. We restrict the buyer to use mechanisms satisfying a limited liability constraint: the seller’s flow payoffs must be non-negative at each per...

The Grievance Procedure: The Heart of the Collective Agreement

Third Thoughts on Contracting Out

L i k e many libertarians, I used to accept without question the idea that contracting out for government services was a good idea. After all, it puts production back into the hands of relatively efficient private producers. However, after reviewing the literature o n contracting out for law enforcement services (Benson 1990, pp. 17999), I had some second thoughts, concluding that while contrac...

Costs, Risks, and Contracting Strategies for European Union Traceability Requirements

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Prison health care: is contracting out healthy?

US prison health care has recently been in the news and in the courts. A particular issue is whether prisons should contract out for health care. Contracting out has been growing over the past few decades. The stated motivation for this change ranges from a desire to improve the prison healthcare system, sometimes in response to a court mandate, to a desire to reduce costs. This study is a firs...