Third-Party Opportunism and the Nature of Public Contracts

Marian W. Moszoro, Pablo T. Spiller

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

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Year of publication:	December 2012
Authors:	Moszoro, Marian W.
Other Persons:	Spiller, Pablo T. (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Öffentlicher Auftrag \| Public contract \| Opportunismus \| Opportunism \| Vertragstheorie \| Contract theory \| Preismanagement \| Pricing strategy \| Gerichtliche Prozesskosten \| Litigation costs

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