[youtube https://www.youtube.com/watch?v=9JfDFYdQO7U?rel=0&w=640&h=360]
[4 min 45 sec] Political economist Pablo Spiller, the Jeffrey A. Jacobs Distinguished Professor in Business and Technology, 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.
