This book investigates the economic principles and practices that underpin public procurement processes. Authored by Khi V. Thai, a recognized expert in public administration and procurement, the work draws upon extensive research and case studies to analyze the complexities of government purchasing. It presents a framework for understanding how economic theories apply to the strategic acquisition of goods and services by public entities, aiming to improve efficiency, fairness, and value for money.

This book is recognized as a significant contribution to the study of public procurement, offering a rigorous economic analysis of a critical government function. Its detailed examination of procurement processes and underlying economic principles makes it a valuable resource for academics, policymakers, and practitioners in the field. The work is noted for its comprehensive scope and its ability to bridge theoretical economics with practical public administration challenges.