Public procurement design: Lessons from the private sector

Steven Tadelis

International Journal of Industrial Organization, 2012, vol. 30, issue 3, 297-302

Abstract: Public procurement regulations put constraints on the contracts and award mechanisms that public procurement agencies can use. These constraints are not present in the private sector, and recent studies suggest that the added flexibility in private sector procurement offers efficiency advantages. This paper offers a short progress report of these recent studies, and argues for the need to enhance the tools that are currently at the disposal of public sector procurement offices.

Keywords: Public procurement; Fixed-price contracts; Cost-plus contracts; Auctions; Negotiations; Adaptation costs (search for similar items in EconPapers)
JEL-codes: D23 D82 H57 L14 L22 L74 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:indorg:v:30:y:2012:i:3:p:297-302

DOI: 10.1016/j.ijindorg.2012.02.002

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