It was increasingly put to work on tasks ranging from how to auction a radio spectrum to devising a better way of paying defence contractors than cost - plus contracts ( which create incentives for the contractor to be inefficient ) or fixed - price contracts ( which may result in overpaying ) 机制设计被越来越多地用于各种场合,包括设计无线电频段拍卖机制、以及为防务合同设计更加合理的支付机制以克服成本加成合同(会产生消极怠工的激励)或固定价格合同(会导致给价过高)的弊端。
A fixed-price contract is a contract where the amount of payment does not depend on the amount of resources or time expended, as opposed to a cost-plus contract which is intended to cover the costs plus some amount of profit. Such a scheme is often used in military and government contractors to put the risk on the side of the vendor, and control costs.
fixed-price contract meaning:[Architecture] A construction contract between an owner and a contractor in which the parties agree to carry out the terms of the contract for a specified price; does not customarily include the comp...