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Author
Chrisidu-Budnik Agnieszka (University of Wroclaw), Przedańska Justyna (University of Wroclaw)
Title
The Agency Theory Approach to the Public Procurement System
Source
Wroclaw Review of Law, Administration & Economics, 2017, vol. 7, nr 1, s. 154-165, tab., bibliogr. 16 poz.
Keyword
Zamówienia publiczne, Teoria agencji, Prawo zamówień publicznych
Public procurement, Agency theory, Public Procurement Act
Note
summ.
Abstract
This paper combines elements of the agency theory with the practice of the public procurement system in Poland. It defines the concept of the agency relationship, shows its connection with the adverse selection and the moral hazard issue and investigates the nature of the agency generated by the existence of hidden information and hidden action. The main objective of the paper is to build and present a framework for analysing the mechanism of the agency theory in the public procurement system.(original abstract)
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Bibliography
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ISSN
2084-1264
2084-1264
Language
eng
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