A new indicator to implement effective spending review policies in the public procurement for standardized goods

Adriano de Leverano and Susmita Baulia

No 23-063, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: We suggest an alternative indicator that can lead to price reductions in the public procurement market for goods, i.e., the elasticity of prices to quantities purchased. We apply the analysis to the procurement of medical devices by exploiting a survey from the Italian AntiCorruption Authority. The data report for each contract and a series of buyers across the country: a) the quantities, b) the unitary price for the devices, and c) the characteristics of the devices. We find that our measure could provide savings equal to about 17% of the total expenses.

Keywords: Public procurement; Medical devices; Spending review (search for similar items in EconPapers)
JEL-codes: H51 H57 H75 I18 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:283584

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