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auctions. Joint bidding practices are one of the possible ways of facilitating auction competition. In theory, there are pros …
Persistent link: https://www.econbiz.de/10005827108
tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However …
Persistent link: https://www.econbiz.de/10005827112
Limited competition has been a serious concern in infrastructure procurement. Importantly, however, there are normally a number of potential bidders initially showing interest in proposed projects. This paper focuses on tackling the question why these initially interested bidders fade out. An...
Persistent link: https://www.econbiz.de/10005827114
because of high technical complexity and partly because of auction design flaws. The division of lot contracts is an important … designing efficient auction mechanisms. …
Persistent link: https://www.econbiz.de/10005611908
also shown that not only competition but also auction design, especially lot division, is crucial for containing …
Persistent link: https://www.econbiz.de/10005611912
Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from … improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects …. Entrant bidders are considered a key to enhance competition in an auction and break potential collusive arrangements among …
Persistent link: https://www.econbiz.de/10005611917