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Screening Adaptive Cartels
Ortner, Juan M.; Chassang, Sylvain; Kawai, Kei; … - National Bureau of Economic Research - 2022
We propose an equilibrium theory of data-driven antitrust oversight in which regulators launch investigations on the basis of suspicious bidding patterns and cartels can adapt to the statistical screens used by regulators. We emphasize the use of asymptotically safe tests, i.e. tests that are...
Persistent link: https://www.econbiz.de/10013334437
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Procurement and Infrastructure Costs
Liscow, Zachary; Nober, Will; Slattery, Cailin - National Bureau of Economic Research - 2023
Infrastructure costs in the United States are high and rising. The procurement process is one potential cost driver. In this paper we conduct a survey of procurement practices across the 50 states. We survey both employees at each state department of transportation (DOT) and the road builders...
Persistent link: https://www.econbiz.de/10014372462
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Misallocation in Firm Production : A Nonparametric Analysis Using Procurement Lotteries
Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - National Bureau of Economic Research - 2023
How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms' underlying...
Persistent link: https://www.econbiz.de/10014322699
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Monitoring for Waste : Evidence from Medicare Audits
Shi, Maggie - National Bureau of Economic Research - 2023
This paper examines the tradeoffs of monitoring for wasteful public spending. By penalizing unnecessary spending, monitoring improves the quality of public expenditure and incentivizes firms to invest in compliance technology. I study a large Medicare program that monitored for unnecessary...
Persistent link: https://www.econbiz.de/10014337803
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Do Information Frictions and Corruption Perceptions Kill Competition? A Field Experiment On Public Procurement in Uganda
Colonnelli, Emanuele; Loiacono, Francesco; Muhumuza, Edwin - National Bureau of Economic Research - 2024
We study whether information frictions and corruption perceptions deter firms from doing business with the government. We conduct two nationwide randomized controlled trials (RCTs) in collaboration with the national public procurement supervisory and anti-corruption agency in Uganda. The first...
Persistent link: https://www.econbiz.de/10014486261
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Flow Trading
Budish, Eric B.; Cramton, Peter C.; Kyle, Albert S.; … - National Bureau of Economic Research - 2023
-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …
Persistent link: https://www.econbiz.de/10014250116
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Auctions Versus Negotiations in Procurement : An Empirical Analysis
Bajari, Patrick - 2003
this question, we offer a framework that compares auctions with negotiations. We then examine a comprehensive data set of … potential limitations to the use of auctions. Auctions perform poorly when projects are complex, contractual design is … incomplete and there are few available bidders. Furthermore, auctions stifle communication between buyers and the sellers …
Persistent link: https://www.econbiz.de/10012468941
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Estimation of a Dynamic Auction Game
Jofre-Bonet, Mireia - 2001
estimation method to repeated highway construction procurement auctions in the state of California between May 1996 and May 1999 …
Persistent link: https://www.econbiz.de/10012470090
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Detection of Bid Rigging in Procurement Auctions
Porter, Robert H. - 1992
This paper examines bidding in auctions for state highway construction contracts on Long Island in the early 1980s, in … collusive scheme. The paper looks at differences in behavior between ring members and non-members. In these auctions, collusio …
Persistent link: https://www.econbiz.de/10012474967
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Can Audits Backfire? Evidence from Public Procurement in Chile
Gerardino, Maria Paula - 2017
promote the use of more transparent and competitive auctions rather than discretionary direct contracts for selection of … suppliers, auctions are significantly more complex and the audit protocol mechanically leads to more scrutiny and a higher … probability of further investigation for auctions than for direct contracts. Using a regression discontinuity design based on a …
Persistent link: https://www.econbiz.de/10012453735