Third-Party Opportunism and the Nature of Public Contracts

This paper was developed during Moszoro's period as a Visiting Scholar at the Haas School of Business, University of California, Berkeley in 2009-2011. We thank the participants in the presentations made at Northwestern University, George Mason University, Yale University (Law & CBEY), University of Pennsylvania, Columbia University, University of Southern California (ISNIE 2012), Naval Postgraduate School, São Paulo School of Economics (FGV-EESP), Heriot-Watt University (Edinburgh), Université Paris-Sorbonne, Universite Paris-Dauphine, Technische Universität Berlin, IESE (Barcelona), the Economic Institute of the National Bank of Poland, and the joint Warsaw School of Economics-University of Warsaw Econ Seminar for their comments. We are also particularly indebted to Stéphane Saussier and Carine Staropoli for helpful modeling suggestions, and to Matthew Ellman and Pawel Gasiorowski for an extensive review of an early version of the paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.