Transaction costs in Czech and Slovak public procurement
| Authors | |
|---|---|
| Year of publication | 2016 |
| Type | Article in Proceedings |
| Conference | THEORETICAL AND PRACTICAL ASPECTS OF PUBLIC FINANCE |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | transaction costs; public procurement; Czech Republic; Slovakia |
| Description | The results of the public procurement process cannot be assessed solely in terms of the savings achieved through competition among potential suppliers. Such calculations have been presented in several studies, despite being somewhat problematic. The academic literature clearly indicates that transaction costs for both procurer and supplier significantly influence the public procurement results, and the procurement processes, for example the level of competitiveness, and the prices offered (Pavel, 2007). The goal of this paper is to add some quantitative and qualitative information about select aspects of public procurement transaction costs in the Czech Republic and Slovakia. Two elements are investigated: Czech data on the views of building firms about transaction costs; and the transaction costs of a newly established e-market in Slovakia. The data show quite high indirect transaction costs, which we argue are ultimately the result of a non-functional public procurement system. |
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