Proprietary Information Cost of Contracting with the Government
研究发现，与联邦政府签约因需提供专有信息而带来成本，最高法院一项加强信息保护的裁决后，企业更愿意投标，且合同专有信息成本越高，效果越强。
ABSTRACT We argue that contracting with the federal government involves significant proprietary information cost due to regulations requiring contractors to provide proprietary information, which may become available to outsiders via Freedom of Information Act (FOIA) requests. We provide evidence by showing that firms become more willing to bid for government contracts after a recent Supreme Court ruling on FOIA (Food Marketing Institute v. Argus Leader Media) that improved information protection for contractors and that this effect strengthens when the contracts entail higher proprietary information cost for contractors. Data Availability: Data are available from the public sources cited in the text. JEL Classifications: K4; M4.