All rooms are equipped with an overhead projector
Rooms C, D, E, F, G and H (H only on Saturday): slide projector (framed slides, carrousel. There are extra carrousels available to set up your presentation in advance)
Rooms C, D, M, N, O, U and Committee Room 2: beamer to connect your laptop. You have to bring you own laptop. (If you want to use your Apple notebook, please contact us, as it may be incompatible.)
Rooms C, T and U: VCR
Programme
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Incentives versus Transaction Costs: Regulating Construction in the Third Reich
| Thanks to the theoretical analysis of the incentive structure of different regulation schemes it is now widely believed that the introduction of fixed-price contracts explains the impressive productivity growth in German armament industry during World War II. In the German construction industry, however, the regulating scheme actually changed from auction to cost-plus contracts. Following the recent findings of Bajari/Tadelis (2001, RAND Journal), I will show that this unexpected development can be explained by the increasing importance of transaction costs.
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