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BEGIN:VEVENT
UID:347095417555520048a589a647c7cbe4
CATEGORIES:Seminars
CREATED:20260108T095812
SUMMARY:Lunch Seminar: Audinga Baltrunaite - Bank of Italy
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><strong>Subcontracting, Procurement Performance and Workplace Safety</st
 rong></p><p>Abstract:</p><p style="text-align: justify;">Subcontracting in 
 public procurement may alleviate execution frictions, by expanding the firm
  boundaries or by insuring it against unforeseen circumstances that obstacl
 e timely and complete project delivery. However, the delegation of tasks to
  external firms may generate uncertainty over ultimate accountability and w
 eaken incentives to safeguard workplace safety. To investigate this trade-o
 ff, we draw on comprehensive data covering the universe of public works ten
 ders in Italy, enriched with information on contractors, subcontractors, an
 d workplace accidents. Leveraging a difference-in-differences design that e
 xploits a 2021 reform easing restrictions on subcontracting, we show that i
 ncreased access to subcontracting improved project execution by reducing pu
 blic works' completion time and cost overruns, despite the apparently lower
  competition at the tender stage. On the downside, within-firm estimates in
 dicate that the incidence of work-related accidents may be higher when a fi
 rm operates as a subcontractor, illustrating a policy-relevant tension betw
 een effective execution and work-place safety.</p>
DTSTAMP:20260416T191253Z
DTSTART:20260311T130000Z
DTEND:20260311T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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