Why Public Contracts Follow Different Rules Than Private Contracts
Political economist Pablo Spiller, the Jeffrey A. Jacobs Distinguished Professor in Business and Technology at the Haas School of Business, UC Berkeley, discusses his research on government vs. private contracts. Spiller found that a fundamental difference between public and private contracting is the potential scrutiny of public contracts by opportunistic third parties. (October 2009)
The University of California Berkeley Haas School of Business is one of the world's leading producers of new ideas and knowledge in all areas of business - which includes the distinction of having two of its faculty members receive the Nobel Prize in Economics over the past 15 years. The school offers six degree-granting programs. Its mission is to develop innovative business leaders - individuals who redefine how we do business by putting new ideas into action, and who do so responsibly. The school's distinctive culture is defined by four key principles - question the status quo; confidence without attitude; students always; and, beyond yourself.
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