{"title":"Measuring What Matters in Public Procurement Law: Efficiency, Quality and More","authors":"D. Klingler","doi":"10.33423/jmpp.v21i3.3143","DOIUrl":"https://doi.org/10.33423/jmpp.v21i3.3143","url":null,"abstract":"Modern public procurement laws — such as the U.S. Federal Acquisition Regulation — are based on the principle of efficiency. Recent revisions have introduced the concepts of sustainability and anti-corruption. Decision makers are now confronted with new goals that ask for trade-offs. However, no structured method to assess their effects exists. This Article stresses the need for regulatory impact assessments to evaluate the economic consequences of public procurement regulation. It suggests two evaluation frameworks and defines parameters to measure the benefits of public procurement. Overall, the Article aims at informing the policy debate on better procurement regulation, suggesting a “more economic approach.”","PeriodicalId":246802,"journal":{"name":"POL: Resource Efficiency (Topic)","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115884572","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Incentive Structure Affects the Effectiveness of Referral Strategy: Evidence from a Randomized Field Experiment on a Lending Platform","authors":"John Q. Li, Bo Zhao, Brian Wu","doi":"10.2139/ssrn.3053649","DOIUrl":"https://doi.org/10.2139/ssrn.3053649","url":null,"abstract":"Large and high quality user base is an important determinant of firm performance. Firms spend a great amount of resources in building referral programs to grow user base. Yet, substantial variations exist in the effectiveness of these referral programs with various incentive structures. We argue that the extent to which referral programs can grow user base depends on how existing users evaluate the cost and benefit of their referral behavior. Using a large-scale randomized field experiment with around one hundred thousand participants on one of the largest P2P lending platforms in China, we find that referral programs structured as self-benefit (egoistic) appeal or other-benefit (altruistic) appeal significantly reduce the number of new users brought by the existing users but new users from other-benefit appeal made more investment. Our study demonstrates that under certain circumstances, these referral programs structured as egoistic or altruistic incentive structure may backfire.","PeriodicalId":246802,"journal":{"name":"POL: Resource Efficiency (Topic)","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125033856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ten Important Ideas About Value Creation: Powerpoint Presentation","authors":"Bartley J. Madden","doi":"10.2139/ssrn.2934015","DOIUrl":"https://doi.org/10.2139/ssrn.2934015","url":null,"abstract":"This PowerPoint deck is used in the classroom to provide a broadly useful framework for value creation. The theme is that we are better equipped to deal with value creation by first gaining insights into how we build knowledge. Part 1 discusses core beliefs critical to a sharpened worldview that impacts how we perceive problems, the data we collect, and the solutions we devise. This ties into my book, Reconstructing Your Worldview: The Four Core Beliefs You Need To Solve Complex Business Problems. Part 2 reviews two practical applications. Part 3 focuses on the ideas presented in my book, Value Creation Thinking, and emphasizes the need for clarity about the purpose of the firm and for managements to give top priority to sustaining a knowledge-building culture. Included is an explanation of the life-cycle valuation model, which is used extensively by money management firms worldwide. Also included are long-term, life-cycle charts of major firms that illustrate how managerial skill and competition interact to determine firms' long-term financial performance and, ultimately, shareholder returns.","PeriodicalId":246802,"journal":{"name":"POL: Resource Efficiency (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122117423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Importance of Product Market Concerns When Timing of Irreversible Corporate Investment is a Signal","authors":"Christian Rix-Nielsen","doi":"10.2139/ssrn.2869016","DOIUrl":"https://doi.org/10.2139/ssrn.2869016","url":null,"abstract":"The purpose of this paper is to include product market concerns to state-of-the-art analysis of real options under asymmetric information. Morellec and Schurhoff (2011) introduced a model with one-sided asymmetric information refuting the value of investment timing flexibility. This paper argues that in applications, multi-sided informational setups will often prevail due to e.g. product market concerns, and that using the one-sided setup in such applications, falsely erodes the value of investment timing flexibility. The paper contributes with novel justification of valuing flexibility by recognizing the potential value of keeping private information private due to e.g. the competition-induced cost of revealing information.","PeriodicalId":246802,"journal":{"name":"POL: Resource Efficiency (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123211118","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}