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"Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition … tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However …, the degree of competition realized is closely related to bidders' entry decision and the auctioneer's decision on how to …
Persistent link: https://www.econbiz.de/10011394147
likelihood that it is their projects, and not the competition's, that gain approval and funding. This results in the "survival of …
Persistent link: https://www.econbiz.de/10010522419
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