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Third-Party Opportunism and the Nature of Public Contracts / Marian W. Moszoro, Pablo T. Spiller.
- Format:
- Book
- Author/Creator:
- Moszoro, Marian W.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18636.
- NBER working paper series no. w18636
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- The lack of flexibility in public procurement design and implementation reflects public agents' political risk adaptation to limit hazards from opportunistic third parties - political opponents, competitors, interest groups - while externalizing the associated adaptation costs to the public at large. Reduced flexibility limits the likelihood of opportunistic challenge lowering third parties' expected gains and increasing litigation costs. We provide a comprehensible theoretical framework with empirically testable predictions.
- Notes:
- Print version record
- December 2012.
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