Opportunisme ou équité ? Le cas des contrats d'approvisionnement de défense

Claude Menard and Jean-Michel Oudot ()
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Jean-Michel Oudot: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: How are extra costs resulting from the occurrence of unanticipated risks allocated in a procurement setting? This paper develops a theoretical framework combining transaction cost economics with equity theory in order to explain why parties endorse cooperative strategies, basically a 50-50 sharing rule, that prevail over their propensity to behave opportunistically. We derive two propositions that we test on a dataset of 48 contracts in the French defence procurement. We find that perception of equity turns out to be a key factor in the contractual relationship. This interpretation challenges the prevailing interpretation of a key assumption in transaction cost economics.

Keywords: Contrats; équité; coûts de transaction; défense; Contracts; opportunisme; equity; transaction costs; defence (search for similar items in EconPapers)
Date: 2010
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00624280
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Citations: View citations in EconPapers (3)

Published in Revue Française d'Economie, 2010, 24 (3), pp.196-226

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Journal Article: Opportunisme ou équité ? Le cas des contrats d’approvisionnement de défense (2010)
Working Paper: Opportunisme ou équité ? Le cas des contrats d'approvisionnement de défense (2010)
Journal Article: Opportunisme ou équité ? Le cas des contrats d'approvisionnement de défense (2009)
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