NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Marian W. Moszoro

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Working Papers and Chapters

December 2012Third-Party Opportunism and the Nature of Public Contracts
with Pablo T. Spiller: w18636
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.

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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