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collusion in procurement auctions. We find that debarments and their most common alternative, fines, reduce collusion and bids …
Persistent link: https://www.econbiz.de/10012852366
Governmental agencies use score procurement auctions to incorporate other attributes beyond price in their purchase …-attribute procurement, where bids are evaluated using a preannounced quasi-linear score, calculated on the basis of the submitted levels of …-bid- first-price auctions to multi-attribute score auctions by incorporating the optimal bidding structure …
Persistent link: https://www.econbiz.de/10012856880
Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award …
Persistent link: https://www.econbiz.de/10012993698
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …-level. This study exploits sealed-bid PPC auctions of construction works, discontinuity in bidders' win margin and firms' daily …
Persistent link: https://www.econbiz.de/10012627848
auctions. Academic research on multi-sourcing procurement auction typically analyzes these auctions as stand-alone events. In … that might fail to deliver. The buyer conducts a procurement auction to determine contract suppliers and can choose between … plays an important role in procurement practice but attracted little attention in the academic analysis of procurement …
Persistent link: https://www.econbiz.de/10013237722
Persistent link: https://www.econbiz.de/10013259576
In Korea, local governments and local agencies had to apply a version of the first price auction augmented by an ex-post screening process when they procure construction contracts. However, this first price auction had been criticized because it was felt that too much price competition could...
Persistent link: https://www.econbiz.de/10012643490
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product …-level. This study exploits sealed-bid PPC auctions of construction works, discontinuity in bidders’ win margin and firms’ daily …
Persistent link: https://www.econbiz.de/10013321732
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...
Persistent link: https://www.econbiz.de/10011633851
Procurement auctions that assume independent private values (IPV) provide a benchmark for analysis that is readily … expected quantities sold and selling prices of some endogenous-quantity procurement auction formats. The resulting equilibrium …
Persistent link: https://www.econbiz.de/10011582261