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The Theory of Contractual Incentives for Cost Reduction

F. M. Scherer

Princeton University

Quarterly Journal of Economics 1964

I. The basic contract types, 258. — II. The contractor's profit maximization problem, 261. — III. Outlay minimization by the government as buyer, 271. — IV. Consistency with empirical evidence, 273. — V. Toward a theory of risk aversion, 276. — VI. Some broader implications, 278.

DOI
10.2307/1879326
Volume
78 (2)
Pages
257
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