This paper empirically investigates the effect of the competitive environment (number of participants) on the cost of procurement. We use a unique dataset provided by the Public Procurement Authority (PPA) of Turkey that covers all of the government procurement auctions for the years...

Different types of products are procured in government procurement auctions. This paper empirically analyzes the effect of competition (number of bidders) on procurement price of different types of products. In other words, we investigate the optimal number of bidders which minimizes procurement...

We present an easy-to-implement method to identify the optimal number of bidders in public procurement auctions. We examine a unique data set that covers all government procurement auctions comprising more than half a million observations. We show that there is an optimal number of bidders at...

This paper investigates effects of macroeconomic conditions in an economy on government procurement (GP) auctions. Specifically, two research questions are examined: 1) What are the eff ects of macroeconomic variables on the competitive environment (number of bidders) in GP auctions? 2) How does...