An Unsuccessful Reform on the Local Public Contracts Law in Korea
In Korea, local governments and local agencies had to apply a version of the first price auction augmented by an ex-post screening process when they procure construction contracts. However, this first price auction had been criticized because it was felt that too much price competition could lead to...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2021-08-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://kdijep.org/v.43/3/55/An+Unsuccessful+Reform+on+the+Local+Public+Contracts+Law+in+Korea |