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Transaction costs in Czech and Slovak public procurement

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NEMEC Juraj ŠUMPÍKOVÁ Markéta BUŠINA Filip ORVISKÁ Marta GREGA Matúš

Rok publikování 2016
Druh Článek ve sborníku
Konference THEORETICAL AND PRACTICAL ASPECTS OF PUBLIC FINANCE
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Obor Řízení, správa a administrativa
Klíčová slova transaction costs; public procurement; Czech Republic; Slovakia
Popis The results of the public procurement process cannot be assessed solely in terms of the savings achieved through competition among potential suppliers. Such calculations have been presented in several studies, despite being somewhat problematic. The academic literature clearly indicates that transaction costs for both procurer and supplier significantly influence the public procurement results, and the procurement processes, for example the level of competitiveness, and the prices offered (Pavel, 2007). The goal of this paper is to add some quantitative and qualitative information about select aspects of public procurement transaction costs in the Czech Republic and Slovakia. Two elements are investigated: Czech data on the views of building firms about transaction costs; and the transaction costs of a newly established e-market in Slovakia. The data show quite high indirect transaction costs, which we argue are ultimately the result of a non-functional public procurement system.
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