This paper investigates the relationship between the quality of regulatory policies governing public procurement and participation in public tenders by small and medium enterprises (SMEs). Using a large dataset on European procurement contracts, we find that countries with better quality...

Different types of products are procured in government procurement auctions. This paper empirically analyzes the effect of competition (number of bidders) on procurement price of different types of products. In other words, we investigate the optimal number of bidders which minimizes procurement...