Economic Effects of Electronic Auctions in Slovakia Cover Image

Ekonomické efekty elektronických aukcií na Slovensku
Economic Effects of Electronic Auctions in Slovakia

Author(s): Peter Klátik, Emília Sičáková-Beblavá, Miroslav Beblavý
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: electronic auctions; public procurement; public sector

Summary/Abstract: The paper examines use of electronic auctions (e-auctions) as an allocation mechanism in public procurement in Slovak public sector. It is based on data from 32 procurement bodies and 725 procurements in the public sector in the period 2008 – 2010. Our findings are that e-auctions bring average savings of 10 – 12% though their implementation is not free. We recommend that future research quantify costs associated with introduction of e-auctions. The paper also demonstrates that the key variables influencing level of savings can be influenced by the procuring body: number of participants and form of auction (open vs closed).

  • Issue Year: 61/2013
  • Issue No: 10
  • Page Range: 1067-1078
  • Page Count: 12
  • Language: Slovak