The decision of the Supreme Court of Canada in M.J.B. Enterprises Ltd v. Defence Construction (1951) Ltd. deals with a number of points important to construction contracts and to contract law generally. Defence Construction invited tenders for a construction project at a Canadian Forces base....

Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product. Much research has been conducted on government spending and its aggregate effects, but evidence is scarce at the micro-level. This study exploits sealed-bid PPC auctions of...