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This is an EXACT reproduction of a book published before 1923. This
IS NOT an OCR'd book with strange characters, introduced
typographical errors, and jumbled words. This book may have
occasional imperfections such as missing or blurred pages, poor
pictures, errant marks, etc. that were either part of the original
artifact, or were introduced by the scanning process. We believe
this work is culturally important, and despite the imperfections,
have elected to bring it back into print as part of our continuing
commitment to the preservation of printed works worldwide. We
appreciate your understanding of the imperfections in the
preservation process, and hope you enjoy this valuable book.
Alexander Rhode investigates performance-oriented measures of
Contracting Authorities in public tenders conducted within the EU.
He finds that Contracting Authorities can improve their performance
and attract more suppliers by publishing (as precise as possible)
starting prices in the beginning of a tender. First, he reports
that compared with private-sector negotiations, starting prices do
not create entry barriers in public procurement. Second, he finds
that increased numerical precision of starting prices is linearly
correlated with better performance and a higher number of bids. In
public procurement, suppliers tend to attribute increased
credibility to precise starting prices which reduces their
(perceived) entry risks.
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