Tuesday, October 09, 2012

Giving Florida Firms First Dibs on Bids Stifles Competition, Quality | Daniel J. Ikenson | Cato Institute: Commentary

Giving Florida Firms First Dibs on Bids Stifles Competition, Quality | Daniel J. Ikenson | Cato Institute: Commentary: "As of July 1, Tallahassee is required to grant preferences to in-state companies when considering bids to procure commodities and finished goods."

"when we artificially reduce the size of markets by law or regulation or some arbitrary boundary, we reduce the scope for specialization, competition and economies of scale, which are the ingredients of value and wealth creation, economic growth and increased living standards."

"contracts denied numerous other companies because the state's resources have been stretched and depleted to satisfy the in-state preference rules."

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