Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83444
Authors: 
Soudek, Jan
Skuhro, Jiří
Year of Publication: 
2013
Series/Report no.: 
IES Working Paper 05/2013
Abstract: 
The goal of this paper is to show how institutional and procedural characteristics affect the final price of the public procurement. In order to get comparable prices, only public procurement of homogeneous goods is analyzed. Presented model attempts to explain the variation in unit price as a function of price estimated by the contracting authority, market price and characteristic of procurement procedure - type of procedure, number of bidders and use of electronic auction. We find that the final price in the electricity and natural gas public procurement is more sensitive to purchaser's estimate than to actual market price. At the same time, we identify that the final price is reduced by using open procedure, electronic auction or attracting more competitors.
Subjects: 
public procurement
homogeneous goods
energy markets
JEL: 
H57
D23
D73
C21
Document Type: 
Working Paper
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