This paper represents one of the first attempts to benchmarking public procurement practices for the same product categories. Questionnaires from European procurement agencies provide several insights on procurement contest design and on participation and competition patterns of two important...

Today, the European Union (EU) and in particular its common currency area created in 1998, the Eurozone, is going through an economic crisis that, given its duration, can be defined as structural and enduring and is such as to put the common political project at risk. This article retraces the...

The adoption of a common currency raised the degree of substitution between financial instruments supplied by EU Member States to finance their national debts. In this framework, our paper looks at a particular determinant of liquidity-related spreads in euro-area government bonds. Simultaneous...

With the adoption of a common currency the degree of substitution between financial instruments supplied by EMU Member States to finance their national debts has risen. Providing the market for euro-denominated government securities with a large volume of similar financial instruments is likely...

"Public procurement affects a substantial share of world trade flows, amounting to 1000 billion euros per year. In the EU, the public purchase of works, goods and services has been estimated to account on average for 16% of GDP. The novelty of this book is that it focuses on the new European...