000			01272nam a22001457a 4500
999			_c527829 _d527829
008			240927b ||||| |||| 00| 0 eng d
100			_aLotti, C. Muço, A. Spagnolo, G. and Valletti, T. _958657
245			_aIndirect savings from public procurement centralization
260			_aAmerican Economic Journal: Economic Policy
300			_a16(3), Aug, 2024: p.347-366
520			_aCentralization of public procurement can lower prices for the government's direct purchase of goods and services. This paper focuses on indirect savings. Public administrations that do not procure directly through a central procurement agency might benefit from the availability of centrally procured goods. We exploit the introduction of a central purchasing agency in Italy and find that prices came down by 22 percent among administrations that bought autonomously. These indirect effects appear to be driven by informational externalities, especially for less competent public buyers purchasing technologically more complex goods. Accounting for indirect savings increases the estimate of direct ones.- Reproduced https://www.aeaweb.org/articles?id=10.1257/pol.20220357
773			_aAmerican Economic Journal: Economic Policy
906			_aPUBLIC PROCUREMENT
942			_cAR