The paper investigates the efficiency of procurement for medical devices. Differentiation of products in this market, due to doctors’preferences for specific technologies, might reduce the number ofsuppliers and the potential positive impact of auctions relative tonegotiations. Using a large official dataset on technological equipmentpurchased by Italian hospitals in the period 1995-2005, we run anempirical analysis of the differential impact of procurementprocedures on the purchasing price, controlling for several factorslike product differentiation and number of suppliers. The policyimplication is that incentives are needed for managers and doctorswhen auctions cannot ensure efficiency in procurement
Efficiency of Procurement Procedures for Medical Devices
GUCCIO C.;PIGNATARO G.;RIZZO I.
2006-01-01
Abstract
The paper investigates the efficiency of procurement for medical devices. Differentiation of products in this market, due to doctors’preferences for specific technologies, might reduce the number ofsuppliers and the potential positive impact of auctions relative tonegotiations. Using a large official dataset on technological equipmentpurchased by Italian hospitals in the period 1995-2005, we run anempirical analysis of the differential impact of procurementprocedures on the purchasing price, controlling for several factorslike product differentiation and number of suppliers. The policyimplication is that incentives are needed for managers and doctorswhen auctions cannot ensure efficiency in procurement| File | Dimensione | Formato | |
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