Too High or Too Low? The Pros and Cons of Regulating the Reserve Price in Public Procurement in Russia.

Too High or Too Low? The Pros and Cons of Regulating the Reserve Price in Public Procurement in Russia.

In theory, an optimally set reserve price leads to an optimal outcome in all standard auctions. In reality, however, it is difficult to identify the optimal reserve price. In public procurement auctions, a higher reserve price may lead to a higher competition for the contract,...
Read More

The FREE Network Newsletter

Get monthly updates

Sign up for news