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Book chapter
Contract and Agency Theories
The Essential Guide to Public Procurement, pp.13-26
Routledge, 1
2026
Abstract
A knowledge of contract and agency theory is an indispensable part of a public procurement professional's toolkit. This chapter considers contract and agency from a variety of perspectives, beginning with public choice and social choice theory and a discussion of competition before moving on to the principal-agent relationship, the law of agency, and agent authority. The chapter continues with a look at emerging issues and practical applications informed by behavioral theory. This chapter concludes with a case study that allows for the application of the theories and discussion in a public procurement context.
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Details
- Title
- Contract and Agency Theories
- Edition
- 1
- Publication Details
- The Essential Guide to Public Procurement, pp.13-26
- Resource Type
- Book chapter
- Publisher
- Routledge
- Identifiers
- 99381819868806600
- Academic Unit
- Business Administration; Criminology, Criminal Justice, and Legal Studies; Lewis Bear Jr. College of Business; College of Arts, Social Sciences, and Humanities
- Language
- English