Review paper
Measuring and Managing Ex Ante Transaction Costs in Public Sector Contracting
Abstract
Transaction cost attributes, such as the complexity of the product being purchased, shape the risk that government contracts will fail. When transaction cost risks are particularly strong, a common prescription is to avoid contracting altogether or, if it is unavoidable, to spend additional resources on contract management activities. This article presents evidence on the size and variability of governments' ex ante transaction cost spending,...
Paper Details
Title
Measuring and Managing Ex Ante Transaction Costs in Public Sector Contracting
Published Date
Apr 3, 2019
Journal
Volume
79
Issue
5
Pages
641 - 650
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