一财社论： 以激励约束机制规范政府采购市场

Core Viewpoint - The core strategy for improving the government procurement market is to enhance the incentive and constraint mechanisms, continuously lower market entry barriers, and gradually open the market to all legitimate market entities, allowing information to be effectively priced in the government procurement market [1][4]. Group 1: Government Procurement Market Regulation - The Ministry of Finance, Ministry of Public Security, and State Administration for Market Regulation have launched a special rectification action targeting four types of illegal activities in the government procurement sector from June to January of the following year [2]. - The government procurement market is currently a vibrant sector within the national economy, with various ownership enterprises eager to enter this market to inject new vitality into their operations [2][4]. - The special rectification action aims to standardize the development of the government procurement market and create a fair competitive environment [2][4]. Group 2: Information Asymmetry and Regulatory Challenges - The government procurement market exhibits typical characteristics of asymmetric information, leading to moral hazard and adverse selection risks due to the regulatory bodies' inability to effectively obtain observable costs and contract costs [3][4]. - The existing issues in the government procurement market, such as discriminatory clauses and other illegal activities, stem from the information structure and constraints faced by regulators and enterprises [3][4]. - The effectiveness of the special rectification action will depend on addressing the underlying issues of asymmetric information and the incompleteness of commitments within the regulatory framework [4]. Group 3: Market Structure and Mechanism Design - To effectively capture illegal activities in the government procurement market, it is essential to address the constraints arising from asymmetric information and the imperfections of regulators [4]. - The government procurement market currently accounts for about 10% of annual government fiscal expenditures, indicating that the scale effect of the market is not fully realized [4]. - There is a suggestion to include monopolistic state-owned enterprises in the government procurement market to diversify the buyer base and enhance market dynamics [4][5].