The law of small numbers: Investigating the benefits of restricted auctions for public procurement

Numéro: 2016-4 Lisa Chever, Stéphane Saussier and Anne Yvrande-Billon – The law of small numbers: Investigating the benefits of restricted auctions for public procurement Abstract: A commonly accepted view in the academic literature is that dispensing with competition may only be beneficial when tendering complex contracts. However, restricted auctions are frequently used among EU-member states to procure small contracts (OECD, 2010). In…

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The law of small numbers: investigating the benefits of restricted auctions for public procurement

29 janvier 2017 Lisa Chever, Stéphane Saussier, and Anne Yvrande-Billon, Applied Economics Abstract : A commonly accepted view in the academic literature is that dispensing with competition may only be beneficial when tendering complex contracts. However, restricted auctions are frequently used among EU member states to procure small contracts. In this article, we investigate this paradox.…

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