Bucciol, Alessandro; Chillemi, Ottorino; Palazzi, Giacomo - Dipartimento di Scienze Economiche "Marco Fanno", … - 2011
We provide an empirical investigation of cost overruns in small public procurement projects, using a panel dataset of auctions held in the Italian Veneto region between 2004 and 2006. We use this sample to study the effect on cost overruns of auction formats (average bid as opposed to first...