Political Contestability and Contract Rigidity: An Analysis of Procurement Contracts

Are public contracts less adaptable than private contracts? Using a comprehensive set of contracts for a standard product, we compare procurement contracts in which the procurer is either a public administration or a private corporation. We find that public-to-private contracts feature more rigidity clauses than private-to-private contracts and that the use of rigidity clauses in public contracts rises when political risks are more salient. We argue that a significant part of the increased rigidity of public contracts is a contractual adaptation to limit political hazards from political opponents and interested third parties.

Mots clés

Procurement Political Contestability Contractual Rigidity

Domaines

Gestion et management Economies et finances

Liste complète des métadonnées

Format du dépôt	Notice
Type de dépôt	Article dans une revue
Résumé	en Are public contracts less adaptable than private contracts? Using a comprehensive set of contracts for a standard product, we compare procurement contracts in which the procurer is either a public administration or a private corporation. We find that public-to-private contracts feature more rigidity clauses than private-to-private contracts and that the use of rigidity clauses in public contracts rises when political risks are more salient. We argue that a significant part of the increased rigidity of public contracts is a contractual adaptation to limit political hazards from political opponents and interested third parties.
Titre	en Political Contestability and Contract Rigidity: An Analysis of Procurement Contracts
Auteur(s)	Jean Beuve ¹ , Marian Moszoro ^{2, 3} , Stéphane Saussier ⁴ 1 CES - Centre d'économie de la Sorbonne ( 15080 ) - Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13 - France Université Paris 1 Panthéon-Sorbonne UMR8174 ( 7550 ) ; Centre National de la Recherche Scientifique UMR8174 ( 441569 ) 2 George Mason University [Fairfax] ( 452410 ) - 4400 University Drive, Fairfax, Virginia 22030 - États-Unis 3 Warsaw School of Economics ( 152669 ) - Warsaw - Pologne Warsaw School of Economics ( 338367 ) 4 IAE Paris - Sorbonne Business School ( 300334 ) - 8 bis, rue de la Croix Jarry, 75013, Paris - France
Date de publication électronique	2018-07-02
Volume	28
Numéro	2
Page/Identifiant	316-335
URL éditeur	https://onlinelibrary.wiley.com/doi/full/10.1111/jems.12268
Langue du document	Anglais
Nom de la revue	Journal of Economics and Management Strategy (ISSN : 1058-6407, ISSN électronique : 1530-9134) Wiley Publié par Wiley http://www.blackwell-synergy.com/loi/JEMS
Vulgarisation	Non
Comité de lecture	Oui
Audience	Internationale
Date de publication	2019
Voir aussi	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2739524
Mots-clés (JEL)	D - Microeconomics/D.D2 - Production and Organizations/D.D2.D23 - Organizational Behavior • Transaction Costs • Property Rights D - Microeconomics/D.D7 - Analysis of Collective Decision-Making/D.D7.D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior D - Microeconomics/D.D7 - Analysis of Collective Decision-Making/D.D7.D73 - Bureaucracy • Administrative Processes in Public Organizations • Corruption D - Microeconomics/D.D7 - Analysis of Collective Decision-Making/D.D7.D78 - Positive Analysis of Policy Formulation and Implementation H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H57 - Procurement
Domaine(s)	Sciences de l'Homme et Société/Gestion et management Sciences de l'Homme et Société/Economies et finances
Mots-clés	en Procurement, Political Contestability, Contractual Rigidity
DOI	10.1111/jems.12268

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Soumis le : mardi 5 mars 2019 à 15:23:58

Dernière modification le : jeudi 6 avril 2023 à 10:50:09

Dates et versions

halshs-02057712, version 1 (05-03-2019)

Identifiants

HAL Id : halshs-02057712 , version 1
DOI : 10.1111/jems.12268

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Jean Beuve, Marian Moszoro, Stéphane Saussier. Political Contestability and Contract Rigidity: An Analysis of Procurement Contracts. Journal of Economics and Management Strategy, 2019, 28 (2), pp.316-335. ⟨10.1111/jems.12268⟩. ⟨halshs-02057712⟩

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