Comparison of Quebec’s Project Delivery Methods: Relational Contract Law and Differences in Contractual Language
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Hart, Oliver & Moore, John, 1990.
"Property Rights and the Nature of the Firm,"
Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
- Oliver Hart & John Moore, 1988. "Property Rights and the Nature of the Firm," Working papers 495, Massachusetts Institute of Technology (MIT), Department of Economics.
- Hart, Oliver D. & Moore, John, 1990. "Property Rights and the Nature of the Firm," Scholarly Articles 3448675, Harvard University Department of Economics.
- Lorenz, Edward, 1999.
"Trust, Contract and Economic Cooperation,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 23(3), pages 301-315, May.
- Edward Lorenz, 1999. "Trust, Contract and Economic Cooperation," Post-Print halshs-00483650, HAL.
- Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
- Keith J. Crocker & Kenneth J. Reynolds, 1993. "The Efficiency of Incomplete Contracts: An Empirical Analysis of Air Force Engine Procurement," RAND Journal of Economics, The RAND Corporation, vol. 24(1), pages 126-146, Spring.
- Oliver Hart, 2003.
"Incomplete Contracts and Public Ownership: Remarks, and an Application to Public-Private Partnerships,"
Economic Journal, Royal Economic Society, vol. 113(486), pages 69-76, March.
- Oliver Hart, 2002. "Incomplete Contracts and Public Ownership: Remarks, and an Application to Public-Private Partnerships," The Centre for Market and Public Organisation 02/061, The Centre for Market and Public Organisation, University of Bristol, UK.
- Diathesopoulos, Michael, 2010. "Relational contract theory and management contracts: A paradigm for the application of the Theory of the Norms," MPRA Paper 24028, University Library of Munich, Germany.
- Max Boisot & John Child, 1999. "Organizations as Adaptive Systems in Complex Environments: The Case of China," Organization Science, INFORMS, vol. 10(3), pages 237-252, June.
- Gary Gereffi, 2014. "Global value chains in a post-Washington Consensus world," Review of International Political Economy, Taylor & Francis Journals, vol. 21(1), pages 9-37, February.
- Oliver Hart & John Moore, 2008.
"Contracts as Reference Points,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(1), pages 1-48.
- Oliver Hart & John Moore, 2006. "Contracts as Reference Points," NBER Working Papers 12706, National Bureau of Economic Research, Inc.
- Oliver Hart & John Moore, 2006. "Contracts as Reference Points," Edinburgh School of Economics Discussion Paper Series 170, Edinburgh School of Economics, University of Edinburgh.
- Blois, Keith J. & Ivens, Bjoern S., 2007. "Method issues in the measurement of relational norms," Journal of Business Research, Elsevier, vol. 60(5), pages 556-565, May.
- Neu, Dean, 1991. "Trust, contracting and the prospectus process," Accounting, Organizations and Society, Elsevier, vol. 16(3), pages 243-256.
- Schwartz, Alan, 1992. "Relational Contracts in the Courts: An Analysis of Incomplete Agreements and Judicial Strategies," The Journal of Legal Studies, University of Chicago Press, vol. 21(2), pages 271-318, June.
- Grossman, Sanford J & Hart, Oliver D, 1986.
"The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
- Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
- Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers 372, Massachusetts Institute of Technology (MIT), Department of Economics.
- Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
- Jack Hirshleifer, 1983. "From weakest-link to best-shot: The voluntary provision of public goods," Public Choice, Springer, vol. 41(3), pages 371-386, January.
- Patrick J. Kaufmann & Louis W. Stern, 1988. "Relational Exchange Norms, Perceptions of Unfairness, and Retained Hostility in Commercial Litigation," Journal of Conflict Resolution, Peace Science Society (International), vol. 32(3), pages 534-552, September.
- Hart, Oliver D & Moore, John, 1988.
"Incomplete Contracts and Renegotiation,"
Econometrica, Econometric Society, vol. 56(4), pages 755-785, July.
- Hardman Moore, John & Hart, Oliver, 1985. "Incomplete Contracts and Renegotiation," CEPR Discussion Papers 60, C.E.P.R. Discussion Papers.
- Oliver Hart & John Moore, 1985. "Incomplete Contracts and Renegotiation," Working papers 367, Massachusetts Institute of Technology (MIT), Department of Economics.
- Robinson, John, 2004. "Squaring the circle? Some thoughts on the idea of sustainable development," Ecological Economics, Elsevier, vol. 48(4), pages 369-384, April.
- World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
- William P. Rogerson, 1992. "Contractual Solutions to the Hold-Up Problem," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 777-793.
- M. Motiar Rahman & Mohan Kumaraswamy, 2005. "Assembling integrated project teams for joint risk management," Construction Management and Economics, Taylor & Francis Journals, vol. 23(4), pages 365-375.
- Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
- Gabriel Jobidon & Pierre Lemieux & Robert Beauregard, 2018. "Implementation of Integrated Project Delivery in Quebec’s Procurement for Public Infrastructure: A Comparative and Relational Perspective," Sustainability, MDPI, vol. 10(8), pages 1-30, July.
- Michael A. Lewis & Jens K. Roehrich, 2009. "Contracts, relationships and integration: towards a model of the procurement of complex performance," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 2(2), pages 125-142.
- Ernst Fehr & Oliver Hart & Christian Zehnder, 2011.
"Contracts as Reference Points--Experimental Evidence,"
American Economic Review, American Economic Association, vol. 101(2), pages 493-525, April.
- Ernst Fehr & Oliver D. Hart & Christian Zehnder, 2008. "Contracts as Reference Points - Experimental Evidence," NBER Working Papers 14501, National Bureau of Economic Research, Inc.
- Fehr, Ernst & Hart, Oliver & Zehnder, Christian, 2008. "Contracts as Reference Points: Experimental Evidence," IZA Discussion Papers 3889, Institute of Labor Economics (IZA).
- Ernst Fehr & Oliver Hart & Christian Zehnder, 2008. "Contracts as reference points � experimental evidence," IEW - Working Papers 393, Institute for Empirical Research in Economics - University of Zurich.
- Crocker, Keith J & Masten, Scott E, 1991.
"Pretia ex Machina? Prices and Process in Long-Term Contracts,"
Journal of Law and Economics, University of Chicago Press, vol. 34(1), pages 69-99, April.
- Crocker, K.J. & Masten, S.E., 1988. "Pretia Ex Machina?: Prices And Process In Long-Term Contracts," Papers 10-88-2, Pennsylvania State - Department of Economics.
- Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
- Sako, Mari & Helper, Susan, 1998. "Determinants of trust in supplier relations: Evidence from the automotive industry in Japan and the United States," Journal of Economic Behavior & Organization, Elsevier, vol. 34(3), pages 387-417, March.
- M. Motiar Rahman & Mohan Kumaraswamy, 2002. "Joint risk management through transactionally efficient relational contracting," Construction Management and Economics, Taylor & Francis Journals, vol. 20(1), pages 45-54.
- Richard Hill & Paul Bowen, 1997. "Sustainable construction: principles and a framework for attainment," Construction Management and Economics, Taylor & Francis Journals, vol. 15(3), pages 223-239.
- Black, Fischer, 1976. "The pricing of commodity contracts," Journal of Financial Economics, Elsevier, vol. 3(1-2), pages 167-179.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gabriel Jobidon & Pierre Lemieux & Robert Beauregard, 2021. "Building Information Modeling in Quebec’s Procurement for Public Infrastructure: A Case for Integrated Project Delivery," Laws, MDPI, vol. 10(2), pages 1-16, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Committee, Nobel Prize, 2016. "Oliver Hart and Bengt Holmström: Contract Theory," Nobel Prize in Economics documents 2016-1, Nobel Prize Committee.
- Eduard Marinov, 2016. "The 2016 Nobel Prize in Economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 97-149.
- Desmond (Ho‐Fu) Lo & Giorgio Zanarone & Mrinal Ghosh, 2022. "Contracting to (dis)incentivize? An integrative transaction‐cost approach on how contracts govern specific investments," Strategic Management Journal, Wiley Blackwell, vol. 43(8), pages 1528-1555, August.
- Olivier Meier & Aurélie Sannajust, 0. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 0, pages 1-16.
- Schmitz, Patrick W., 2010.
"Contractual solutions to hold-up problems with quality uncertainty and unobservable investments,"
Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 807-816, September.
- Schmitz, Patrick W., 2009. "Contractual solutions to hold-up problems with quality uncertainty and unobservable investments," CEPR Discussion Papers 7584, C.E.P.R. Discussion Papers.
- Schmitz, Patrick W., 2010. "On contractual solutions to hold-up problems with quality uncertainty and unobservable investments," MPRA Paper 23157, University Library of Munich, Germany.
- Schmidt, Klaus, 2017. "The 2016 Nobel Memorial Prize in Contract Theory," Rationality and Competition Discussion Paper Series 19, CRC TRR 190 Rationality and Competition.
- Herweg, Fabian & Karle, Heiko & Müller, Daniel, 2018.
"Incomplete contracting, renegotiation, and expectation-based loss aversion,"
Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 176-201.
- Herweg, Fabian & Karle, Heiko & Müller, Daniel, 2014. "Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 454, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Herweg, Fabian & Karle, Heiko & Müller, Daniel, 2014. "Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100473, Verein für Socialpolitik / German Economic Association.
- Karle, Heiko & Herweg, Fabian, 2014. "Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion," CEPR Discussion Papers 9874, C.E.P.R. Discussion Papers.
- Fabian Herweg & Heiko Karle & Daniel Müller, 2014. "Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion," CESifo Working Paper Series 4687, CESifo.
- Maloney, Michael T., 2017. "Alchian remembrances," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 561-582.
- Olivier Meier & Aurélie Sannajust, 2021. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 57(2), pages 1073-1088, August.
- Hoppe, Eva I. & Schmitz, Patrick W., 2011.
"Can contracts solve the hold-up problem? Experimental evidence,"
Games and Economic Behavior, Elsevier, vol. 73(1), pages 186-199, September.
- Schmitz, Patrick W. & Hoppe-Fischer, Eva, 2009. "Can Contracts Solve the Hold-Up Problem? Experimental Evidence," CEPR Discussion Papers 7205, C.E.P.R. Discussion Papers.
- Bernard Baudry & Virgile Chassagnon, 2012.
"The vertical network organization as a specific governance structure: what are the challenges for incomplete contracts theories and what are the theoretical implications for the boundaries of the (hub,"
Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(2), pages 285-303, May.
- Bernard Baudry & Virgile Chassagnon, 2012. "The vertical network organization as a specific governance structure : what are the challenges for incomplete contracts theories and what are the theoretical implications for the boundaries of the (hu," Post-Print halshs-00683231, HAL.
- Mathias Erlei & Wiebke Roß, 2013.
"Bounded Rationality as an Essential Component of the Holdup Problem,"
TUC Working Papers in Economics
0009, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
- Erlei, Mathias & Roß, Wiebke, 2015. "Bounded rationality as an essential component of the holdup problem," Beiträge zur Jahrestagung 2015 (Bayreuth) 140886, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.
- Halonen-Akatwijuka, Maija, 2012.
"Nature of human capital, technology and ownership of public goods,"
Journal of Public Economics, Elsevier, vol. 96(11), pages 939-945.
- Maija Halonen, 2010. "Nature of human capital, technology and ownership of public goods," The Centre for Market and Public Organisation 10/243, The Centre for Market and Public Organisation, University of Bristol, UK.
- Müller, Daniel & Schmitz, Patrick W., 2016. "Vertragstheorie: Zum Nobelpreis 2016 für Oliver Hart und Bengt Holmström [Contract Theory: On the Contributions of the 2016 Nobel Laureates Oliver Hart and Bengt Holmström]," MPRA Paper 75233, University Library of Munich, Germany.
- Aghion, Philippe & Dewatripont, Mathias & Legros, Patrick & Zingales, Luigi (ed.), 2016. "The Impact of Incomplete Contracts on Economics," OUP Catalogue, Oxford University Press, number 9780199826216.
- Raghabendra Pratap KC & Dominique Olié Lauga & Vincent Mak, 2023. "Hold-up induced by demand for fairness: theory and experimental evidence," Theory and Decision, Springer, vol. 94(4), pages 721-750, May.
- Schmitz, Patrick W., 2015.
"Government versus private ownership of public goods: The role of bargaining frictions,"
Journal of Public Economics, Elsevier, vol. 132(C), pages 23-31.
- Schmitz, Patrick W., 2015. "Government versus private ownership of public goods: The role of bargaining frictions," CEPR Discussion Papers 10686, C.E.P.R. Discussion Papers.
- Gine,Xavier & Jacoby,Hanan G. & Gine,Xavier & Jacoby,Hanan G., 2016. "Markets, contracts, and uncertainty in a groundwater economy," Policy Research Working Paper Series 7694, The World Bank.
- Liang Guo, 2021. "Partial Unraveling and Strategic Contract Timing," Management Science, INFORMS, vol. 67(12), pages 7719-7736, December.
- Schmitz, Patrick W., 2017.
"Incomplete contracts, shared ownership, and investment incentives,"
Journal of Economic Behavior & Organization, Elsevier, vol. 144(C), pages 153-165.
- Schmitz, Patrick W., 2017. "Incomplete Contracts, Shared Ownership, and Investment Incentives," MPRA Paper 90801, University Library of Munich, Germany.
- Schmitz, Patrick W., 2017. "Incomplete Contracts, Shared Ownership, and Investment Incentives," CEPR Discussion Papers 12258, C.E.P.R. Discussion Papers.
More about this item
Keywords
public procurement; project delivery methods; integrated project delivery; relational contracts; contractual language; sustainable infrastructure; energy efficiency;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jlawss:v:8:y:2019:i:2:p:9-:d:219784. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.