IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2024id4995.html
   My bibliography  Save this article

“Going once, going twice, sold!”: A new look at the auction tilt in public procurement

Author

Listed:
  • L. S. Plekhanova

Abstract

The paper examines the auction tilt phenomenon in public procurement in terms of the transaction mechanisms of governance. Arguments to develop the discussion on limits of using auctions expediency and consequences of their forced distribution in public sector procurement are proposed. The reasons for maintaining the auction tilt despite the recognition of this practice as vicious in some jurisdictions and its numerous criticisms in the literature are explained. Transaction cost theory tools helped identify the failures of theoretical ideas about the effectiveness of auctions as attempts to bring the governance mechanism closer to the market one. Using heuristic models within the framework of the theory of transaction costs, a mechanism has been demonstrated that promotes the sustainability of the practice of regulated procurement with an auction bias, which is ineffective for a wide class of goods (works, services).

Suggested Citation

  • L. S. Plekhanova, 2024. "“Going once, going twice, sold!”: A new look at the auction tilt in public procurement," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 9.
  • Handle: RePEc:nos:voprec:y:2024:id:4995
    DOI: 10.32609/0042-8736-2024-9-50-75
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/4995/2691
    Download Restriction: no

    File URL: https://libkey.io/10.32609/0042-8736-2024-9-50-75?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2024:id:4995. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.