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

Author

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  • Jean-Michel Oudot
  • Claude Menard

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 defense 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.

Suggested Citation

  • Jean-Michel Oudot & Claude Menard, 2009. "Opportunisme ou équité ? Le cas des contrats d'approvisionnement de défense," Revue française d'économie, Presses de Sciences-Po, vol. 0(3), pages 195-226.
    • Handle: RePEc:cai:rferfe:rfe_093_0195
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    1. is not listed on IDEAS
    2. repec:hal:wpaper:halshs-00624291 is not listed on IDEAS
    3. Frank A.G. den Butter, 2012. "Managing Transaction Costs in the Era of Globalization," Books, Edward Elgar Publishing, number 14748.
    4. Claude Ménard, 2012. "Hybrid Modes of Organization. Alliances, Joint Ventures, Networks, and Other 'Strange' Animals," Post-Print halshs-00624291, HAL.
    5. repec:hal:wpaper:halshs-00653090 is not listed on IDEAS
    6. Renaud Bellais & Martial Foucault & Jean-Michel Oudot, 2014. "Économie de la défense," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01052607, HAL.

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