Do firms with higher legality standards contribute to better procurement outcomes? We address this question in the context of Italian public works procurement, by combining contract-level data on procurement and firm-level data on legality scores, using the Legality Rating System managed by the Italian Antitrust Authority. We find that higher legality scores are positively associated with a significant and economically important improvement in
Iossa, E., Latour, C. (2025). Firms' Legality and Efficiency: Evidence from Public Procurement *. EUROPEAN JOURNAL OF LAW AND ECONOMICS, 439-453 [10.1007/s10657-025-09848-w].
Firms' Legality and Efficiency: Evidence from Public Procurement *
Elisabetta Iossa;Chiara Latour
2025-07-07
Abstract
Do firms with higher legality standards contribute to better procurement outcomes? We address this question in the context of Italian public works procurement, by combining contract-level data on procurement and firm-level data on legality scores, using the Legality Rating System managed by the Italian Antitrust Authority. We find that higher legality scores are positively associated with a significant and economically important improvement in| File | Dimensione | Formato | |
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