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

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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.

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  • 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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    Cited by:

    1. Claude Ménard, 2012. "Hybrid Modes of Organization. Alliances, Joint Ventures, Networks, and Other 'Strange' Animals," Post-Print halshs-00624291, HAL.
    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. Renaud Bellais & Martial Foucault & Jean-Michel Oudot, 2014. "Économie de la défense," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01052607, HAL.
    5. repec:hal:wpaper:halshs-00653090 is not listed on IDEAS

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