Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement
NBER Working Paper No. 19481
---- Acknowledgments ----
We are grateful to Steven Kelman and Shelley Metzenbaum for conversations that stimulated our interest in this topic and to the editor and anonymous referees for their valuable suggestions. We thank seminar audiences at OMB, Stanford, the Naval Postgraduate School, MIT Sloan, Harvard, Chicago Booth, the Einaudi Institute for Economics and Finance, Yale, and UIC-Chicago for helpful comments and suggestions. Mahoney acknowledges a Kapnick Fellowship, Ric Weiland Fellowship, and the Robert Wood Johnson Foundation for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.