Abstract
The public procurement market is consolidated as the new paradigm to understand transactions between public authorities and the private sector to meet their needs. This makes the economic perspective of this discipline revolve around providing measures that seek the efficiency of the market. This text argues that such efficiency is achieved when the precise roles of the regulatory agent and the purchasing agent whose objectives are different but their harmonious collaboration is what generates the environment of commercial normality are identified and assigned; this position is explained through an analysis of the Colombian case with the risks to efficiency represented by a regulation directed exclusively from the central sector and an institutional measure is proposed to mitigate them.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: A&C - Revista de Direito Administrativo & Constitucional
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.