Cost-effectiveness is the key objective in public procurement auctions. This column reports analysis and evidence from Turkey on how best that can be achieved through attracting the optimal number of bidders for a given contract and by encouraging bids from new entrants. The author provides an easy-to-use methodology for policy-makers in developing and developed countries.
Bedri Kamil Onur TasProfessor of Economics at TOBB ETU
Bedri Kamil Onur Tas is Professor of Economics at TOBB ETU. He holds his Ph.D. in Economics from Boston College. He is an ERF research fellow