Public procurement – price-taker or market-shaper?

نویسندگان

چکیده

Purpose This paper examines the role of government procurement as a social policy mechanism within multilateral open trading system. Government regulations globally are being transformed to foster more responsible business conduct in multinational enterprises (MNEs). Yet, concern that sustainability may present discriminatory barrier trade has stalled progress sustainable public (SPP) at international level, raising questions regarding and scope World Trade Organisation’s (WTO) Procurement Agreement (GPA) align taxpayer-funded contracts with United Nations (UN) Sustainable Development Goals. Design/methodology/approach With focus on sustainability, this reviews grey academic literature assess changing landscape supply chain legislation high-income countries. Findings Frontrunner nations adopting mandatory approach due diligence is elevating risk from reputational damage legal liability. While technological innovation clean, green production manufactured goods dominates literature, aspects poverty, inequality human rights remain underrepresented. Research limitations/implications The limited examination covered by WTO-GPA (2012). Smaller value contracts, under thresholds category defence beyond paper. Social implications focusses underserved topic business-to-government (B2G) – chains arguing for become competitive advantage, it must be meaningfully rewarded demand-side all organisation economic co-operation development introduces idea priceless build system capacity evaluation non-financial objectives. Originality/value To stimulate competition based environmental objectives, concept B2G contracts.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The standard procurement approach: first price or second price auctions

Auctions are supposed to procure the best deal money can buy. Yet, practitioners who procure complex contracts by auction are well aware of some basic pitfalls. One concern is that winning bids may not reflect the quality of the bidder but strategic behavior like low-balling bids or underestimating costs. Such behavior may then lead to demands for contract renegotiation by the winning bidder th...

متن کامل

Maker-Taker Pricing Effects on Market Quotations

The exchange maker-taker pricing scheme affects incentives to take or make markets resulting in narrower bid-ask spreads. This study traces the effect of maker-taker pricing on stock quotations. The analyses consider distributions of quotation sizes, values implied from these sizes, and changes in these sizes and values. The results help inform the current debate on whether tick sizes should be...

متن کامل

First-Price Procurement Auctions

We study markets in which an auctioneer wishes to assemble a team of agents to accomplish some task. These agents offer fixed services that incur some privately known cost. The auctioneer must select a team, or feasible set of agents, that is capable of performing the task. To this end, he designs a procurement auction in which he solicits bids from the agents and then selects some feasible set...

متن کامل

Market Sharing in Procurement∗

This paper investigates complementarities between corruption and collusion in procurement of large divisible contracts. A first price multiple object auction procedure is administered by an agent who has some legal discretion to allow for a readjustment of (all) submitted offers before the official opening. The agent may be corrupt i.e. willing to ‘sell’ his decision in exchange for a bribe. Ou...

متن کامل

Eliciting Bid Taker Non-price Preferences in (Combinatorial) Auctions

Recent algorithms provide powerful solutions to the problem of determining cost-minimizing (or revenue-maximizing) allocations of items in combinatorial auctions. However, in many settings, criteria other than cost (e.g., the number of winners, the delivery date of items, etc.) are also relevant in judging the quality of an allocation. Furthermore, the bid taker is usually uncertain about her p...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Critical Perspectives on International Business

سال: 2022

ISSN: ['1758-6062', '1742-2043']

DOI: https://doi.org/10.1108/cpoib-08-2020-0116