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To utilize public resources efficiently, it is required to take full advantage of competition in public procurement auctions. Joint bidding practices are one of the possible ways of facilitating auction competition. In theory, there are pros and cons. It may enable firms to pool their financial...
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Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects. Entrant bidders are considered a key to enhance...
Persistent link: https://www.econbiz.de/10010521099
In many countries, governments are pushing for the introduction of competition in the organization of public services and more broadly in public procurement. The development of public-private partnerships throughout the world is a good illustration of this trend. In order to foster competition,...
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Using an original database concerning 1637 French local public authorities in 2001, we explore the relationships between prices charged by private operators in water contracts and ex post competition. We show that prices charged in contracts, in which operators are in a monopoly situation...
Persistent link: https://www.econbiz.de/10014061752
Using an original database concerning 1637 French local public authorities in 2001, we explore the relationships between prices charged by private operators in water contracts and ex post competition. We show that prices charged in contracts, in which operators are in a monopoly situation...
Persistent link: https://www.econbiz.de/10014056147
We examine the impact of the EU Remedies Directive on the use of direct awards. Theoretically, strengthening bid protest mechanisms should reduce the use of direct awards as aggrieved bidders are more likely to challenge such awards. By utilising the staggered implementation of the Remedies...
Persistent link: https://www.econbiz.de/10015395757
Public infrastructure has long been faced with difficulty in financing. Available public resources are often limited in many countries. Competitive bidding in public procurement systems is an important instrument to contain the public investment costs. But competition is often limited in the...
Persistent link: https://www.econbiz.de/10011011585