Work detail

Public Procurement of homogeneous goods: Czech Republic case study

Author: Mgr. Jan Soudek
Year: 2012 - summer
Leaders: PhDr. Ing. Jiří Skuhrovec PhD.
Work type: Finance, Financial Markets and Banking
Language: English
Pages: 72
Awards and prizes:
Abstract: The goal of this thesis is to show that institutional and procedural characteristics are affecting the final
price of the public procurement. In order to be able to compare the tenders among each other, only
public procurement of homogeneous goods is analyzed. The presented model attempts to explain a
variation in final price per one unit as a function of estimated unit price, market price and characteristic
of procurement procedure – type of procedure, number of bidders and use of electronic auction.
In case of electricity and gas public procurement final price elasticity with respect to the estimated price
tents to be higher than such elasticity with respect to the market price. This result suggests high rigidity
in public procurement procedures. We show that such ineffectiveness is reduced by using open
procedure, electronic auction or attracting more bidders.
Downloadable: Master Theses of Soudek




Patria Finance
Česká Spořitelna