Kvasnicka, Michal; Stanek, Rostislav; Krcál, Ondrej - In: DANUBE: Law, Economics and Social Issues Review 6 (2015) 4, pp. 217-239
This paper explores the effect of various contract-awarding procedures in public procurement on the price of the … closed procedures. Comparing all four awarding procedures, we find that open auctions are the most efficient procedure used … in the Czech Republic. We estimate that the inefficiencies due to the use of other contract-awarding procedures are …