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Basi d'asta nelle gare per gli acquisti pubblici

Author

Listed:
  • Gian Luigi Albano

    (CONSIP, Roma)

  • Nicola Dimitri

    (Università di Siena)

Abstract

This paper analyzes the impact of the reserve price on participation and the degree of competition in competitive tenderingfor public contracts. Our approach aims at reconciling the most recent developments in auction theory with the more practicalissues arising in centralized public procurement. In lowest price competitive tendering, we argue that, by lowering the reserve price, a (national) central purchasing body may reduce the purchasing cost at the expense of participation. Instead, if the contract is awarded by means of a scoring auction, the objectives of participation and cost reduction do not necessarily conflict with each other.

Suggested Citation

  • Gian Luigi Albano & Nicola Dimitri, 2008. "Basi d'asta nelle gare per gli acquisti pubblici," Rivista di Politica Economica, SIPI Spa, vol. 98(3), pages 55-88, May-June.
    • Handle: RePEc:rpo:ripoec:v:98:y:2008:i:3:p:55-88
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    Citations

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    Cited by:

    1. Gustavo Piga, 2011. "A Fighting Chance Against Corruption in Public Procurement?," Chapters, in: Susan Rose-Ackerman & Tina Søreide (ed.), International Handbook on the Economics of Corruption, Volume Two, chapter 5, Edward Elgar Publishing.

    More about this item

    Keywords

    reserve price; public contracts; central purchasing body; scoring auctions;
    All these keywords.

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement

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