Effects of Transparency in Procurement Practices on Government Expenditure: A Case Study of Municipal Public Works
Hiroshi Ohashi ()
No CIRJE-F-548, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo
This paper examines the e?ect of improved transparency in the bidder quali.cation process, using the experience based on a case study of municipal public work auctions. It reveals that improved transparency reduces procurement cost by a maximum of three percent. This .nding is robust to the concerns of endogeneity, sample selectivity, and distributional assumptions. The bidding-function estimates, combined with features of Japanese procurement system, imply that the improved transparency limits abuse of auctioneer.s discretion, and thus weakens the stability of collusion among bidders.
Pages: 32 pages
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Journal Article: Effects of Transparency in Procurement Practices on Government Expenditure: A Case Study of Municipal Public Works (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2008cf548
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