Government contracts are subject to a number of legal rules that have no private sector analogues and that have received virtually no attention from law and economics scholar. This article explores these rules from an economic perspective, with special attention to the leading modern case on the...

Government contracts are subject to a number of legal rules that have no private sector analogs, and that have received virtually no attention from law and economics scholars. This paper explores these rules from an economic perspective, with special attention to the leading modern case on the...