Decision Sciences
4 years ago

New grant evaluation model improves efficiency and transparency in infrastructure investments

RePEc: Research Papers in Economics
Hierarchical contracting in grant decisions: ex-ante and ex-post evaluation in the context of the EU Structural Funds
Michela Cella, Massimo Florio

Paper Summary

Related papers

Economics, Econometrics and Finance
8 years ago

Foreign firms' supplier choices could boost or stifle local industries

Market Dynamics
Mechanism Design
Public Finance
2 views
Economics, Econometrics and Finance
8 years ago

Firms' Ownership Structures Reshape Investments, Alter Incentives for Workers

Economic Analysis
Corporate Governance
Mechanism Design
1 view
Business, Management and Accounting
4 years ago

Ownership Structures Upend Investment Incentives, Challenging Property Rights Theory

Corporate Governance
Monetary Models
Mechanism Design

The article discusses how the European Commission, regional governments, and private firms make decisions about grants for projects. The EC offers money, the regional government adds more, and the firm claims to need it. If the firm is found to be efficient, there's a penalty. The regional government can share extra info but needs a reward to not help the firm. This extra info helps reduce grant value and improve decision-making. The paper suggests including post-project evaluations in planning contracts and rewarding regional governments for sharing info before projects start.