Bucciol, Alessandro; Chillemi, Ottorino; Palazzi, Giacomo - Dipartimento di Scienze Economiche, Facoltà di Economia - 2011
We study the effect on cost overruns of auction formats (average bid as opposed to
first price rule) conditional on … such sectors as road works and building maintenance. It is commonly believed that cost overruns are lower under average bid …