Opportunistic behavior in public bidding of agricultural products in IFSULDEMINAS - Campus Inconfidentes

abstract: This study is based on the theory of transaction costs (TCT) to analyze opportunistic behavior suppliers in public purchases agricultural products provided by private sector. We argue that among purchasing modalities, electronic auction, although using principles reverse English auction and considered as a market structure governance driven price, presents at time bidding seller, until closing contract with buyer. analyzed differences price quotations 20 purchased processes comparison bid prices references between years 2014 2017 Federal Institute Sul de Minas - Campus Inconfidentes. The results show there was discount biddings 2017, since repetition bids forced reduction suppliers. However, it possible note opportunism some agents, items which agency under did not fully specify product.