Effect of public procurement regulation on competition and cost-effectiveness
Title: Effect of public procurement regulation on competition and cost-effectiveness
Author: TAS, Bedri Kamil Onur
Publisher: European University Institute
Series/Number: EUI RSCAS; 2019/22; Global Governance Programme-339; [Global Economics]
This paper empirically investigates the impact of public procurement regulation quality on competition and cost-effectiveness. I employ the World Bank’s Benchmarking Public Procurement quality scores. Using extensive data about public procurement in the European Economic Area, Switzerland, and Macedonia, the paper exhibits positive effects of improved regulation quality. Better quality scores are associated with higher levels of competition and cost-effectiveness. Improved regulation quality significantly increases number of bidders and the probability that procurement price is lower than estimated cost.
Subject: Public procurement; Regulation; Competition; H57; O12
Type of Access: openAccess