Equity in government contracting: Analyzing the performance of small disadvantaged businesses
利用联邦采购数据，比较小型弱势企业与其他供应商在政府合同中的绩效，发现两者差异很小，表明预留合同对政府实现最佳价值没有显著风险。
Abstract Set aside programs, which preference disadvantaged businesses, have long been among the largest government equity programs in the United States. Set asides ensure government revenues spur economic growth in firms and communities that have traditionally lacked representation in systems of power. However, there has been skepticism about whether set aside programs are compatible with the efficiency objectives of government contracting. Few empirical studies have assessed the comparative performance of small, disadvantaged businesses and other firms to determine if there are differences. Using contract level data from the Federal Procurement Data System: Next Generation, we test whether set aside contracts are associated with a reduction in the government's ability to secure “best value.” We find few performance differences between small, disadvantaged businesses, and other vendors across a range of goods and services, suggesting mutual benefits and no outsized risks when governments engage in contracts with disadvantaged firms.