Cost overrun is ubiquitous in public procurement. We argue that this can be the result of a constraint optimal award … a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price …

Procurement auctions are sometimes plagued with a chosen supplier's failing to accomplish a project successfully. The … probabilities is huge. We show that, compared to standard auctions, the procurement auctions with contingent contracts can … the project can only be evaluated at the end. To manage such uncertainty, a model of competitive procurement and …

This paper attempts to study the valuations and bidding patterns of bidders in procurement auctions in developing … countries. It estimates the valuation of bidders in Highway Authority auctions in India using the non linear parametic methods … by Athey, Levin and Seira. It finds that the auctions are dominated by the larger national level firms and that they are …

and quantifies the impact of procurement spending - a specific component of G - on firm survival. We find that firms that … data between 2008 and 2018. For construction auctions, we also rely on bid-level data to inform a regression discontinuity …

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 …