000075997 001__ 75997
000075997 005__ 20191113135213.0
000075997 0247_ $$2doi$$a10.1007/s00181-017-1365-8
000075997 0248_ $$2sideral$$a104259
000075997 037__ $$aART-2017-104259
000075997 041__ $$aeng
000075997 100__ $$0(orcid)0000-0003-3550-6370$$aGonzález Chapela, Jorge
000075997 245__ $$aFurther econometric evidence on the extent and sources of cost savings in competitively tendered contracts
000075997 260__ $$c2017
000075997 5060_ $$aAccess copy available to the general public$$fUnrestricted
000075997 5203_ $$aBy estimating a flexible nonlinear regression model of savings on an original dataset of service procurements conducted by the Spanish Armed Forces, this paper provides robust and precise novel econometric evidence on the extent and sources of cost savings in public procurement. The net effect on savings of the policy-amenable and economically advantageous variables that we estimate, such as the size of the procured function, the importance of price in the contract award criteria, and the number of bidders who participate in the tendering, may help contracting agencies to select management practices and to forecast the price paid out. We find that savings increase proportionally to the size of the procured function, that an increase of 10 percentage points in the importance of price increases savings by approximately 2% of the function’s size, and that savings are generally reduced by restricting the number of bidders. A comparison with estimates reported in previous studies is also made.
000075997 536__ $$9info:eu-repo/grantAgreement/ES/UZ/CUD2015-06
000075997 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000075997 590__ $$a0.974$$b2017
000075997 591__ $$aSOCIAL SCIENCES, MATHEMATICAL METHODS$$b31 / 49 = 0.633$$c2017$$dQ3$$eT2
000075997 591__ $$aECONOMICS$$b207 / 353 = 0.586$$c2017$$dQ3$$eT2
000075997 592__ $$a0.532$$b2017
000075997 593__ $$aEconomics and Econometrics$$c2017$$dQ2
000075997 593__ $$aMathematics (miscellaneous)$$c2017$$dQ2
000075997 593__ $$aSocial Sciences (miscellaneous)$$c2017$$dQ2
000075997 593__ $$aStatistics and Probability$$c2017$$dQ3
000075997 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000075997 700__ $$aLabeaga, José M.
000075997 700__ $$0(orcid)0000-0002-5181-929X$$aMedrano, Luis A.
000075997 773__ $$g56, 2 (2017), 679-701$$pEmpir. econ.$$tEmpirical Economics$$x0377-7332
000075997 8564_ $$s235390$$uhttps://zaguan.unizar.es/record/75997/files/texto_completo.pdf$$yPostprint
000075997 8564_ $$s80279$$uhttps://zaguan.unizar.es/record/75997/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000075997 909CO $$ooai:zaguan.unizar.es:75997$$particulos$$pdriver
000075997 951__ $$a2019-11-13-13:45:37
000075997 980__ $$aARTICLE