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procurement in the public sector are discussed …
Persistent link: https://www.econbiz.de/10013214580
“per install” basis—plays a major role in the mix and characteristics of auction winners, and, consequently, in their … number of such users. The distortion becomes worse as the auction gets more competitive and the number of bidders increases …
Persistent link: https://www.econbiz.de/10014090768
This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The … estimation method to repeated highway construction procurement auctions in the state of California between May 1996 and May 1999 … asymmetry, the auction can be inefficient. Based on the estimates of costs, we quantify efficiency losses …
Persistent link: https://www.econbiz.de/10013217920
bid on most jobs. The apparent role of ring meetings prior to the auction was to designate a serious bidder, and its bid …
Persistent link: https://www.econbiz.de/10013310562
customer bids, and dealers observing customer bid can predict the auction cutoff price better. Customers also respond …
Persistent link: https://www.econbiz.de/10012784929
We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013. Primary dealers consistently bid higher yields compared to direct and indirect bidders. We estimate a structural model of bidding that takes into account informational asymmetries...
Persistent link: https://www.econbiz.de/10012943195
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10013246494
have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise … passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more … about ending the auction playing an important role …
Persistent link: https://www.econbiz.de/10013247196
resources on low quality projects at year's end. We test these predictions using data on procurement spending by the U …
Persistent link: https://www.econbiz.de/10013075413
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading …
Persistent link: https://www.econbiz.de/10012757589