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McCabe 1996 - Principals, Agents, and The Learning Curve - The Case of Steam-Electric Power Plant Design and Construction by Noel Maurer is a document available to read on EtoBox.
The paper examines the impact of design variation and cost uncertainty on the learning process in steam-electric power plant design and construction using a principal-agent framework. It finds that learning opportunities diminished due to varying management regimes and contracting methods, particularly cost-plus contracts, which reduced incentives for agents to improve efficiency. The study highlights the shift of learning responsibility from agents to principals as cost uncertainties increased during the l
- Author
- Noel Maurer
- Language
- EN