cover image: When the State Becomes the Only Buyer: Monopsony in China’s Public Procurement

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When the State Becomes the Only Buyer: Monopsony in China’s Public Procurement

18 Mar 2022

Another indicator lowering the number of firms in the monopoly – with the only difference is price convergence: the idea that market, underlining the need for a being that in a monopsony, it is the one price should apply to the whole long-term view on how the market single buyer that acts in a market- market. [...] For instance, the Directive banned buyers from unilaterally changing terms of a supply agreement; requiring payments from suppliers that are not related to the sale of the agricultural and food products of the supplier; requiring suppliers to pay for the deterioration or loss of agricultural and food products that occurs on the buyer’s premises; or the prohibition that the buyer threatens to carry. [...] The idea that one price should apply to one market, independently of the Price convergence nature of the product or the submarkets where the product is delivered It becomes difficult for companies to participate in the market without making Reduced reliance on a loss or without reducing the quality of its associated services due to the many suppliers reduction of prices. [...] The main factor behind this problem is the concept of price convergence – the idea that one price should apply to one market – independently of the nature of the product or the submarkets where the product is delivered. [...] It stresses the relevance of strong and transparent procurement programmes that build viable partnerships and collaboration between the private and public sector, which are open to firms of all sizes.50 The World Bank also highlights the role of competition without lowering the number of firms in the market, and points to the need for a long-term view on how the market delivers continuous innovati.
Pages
31
Published in
Belgium