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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
To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions …
Persistent link: https://www.econbiz.de/10011854110
Suppose a firm uses inputs that are substitutes. Each input is supplied by a single contractor. The firm would like to make suppliers compete. However, since inputs are imperfect substitutes, resorting to winner-take-all competition may not be an attractive option. We allow the firm to use a...
Persistent link: https://www.econbiz.de/10012914910
, we propose a new empirical method that allows us to predict the expected procurement cost at any reserve price. Being … find that bidders are highly risk-averse and choosing non-binding reserve prices would minimize procurement costs, whereas …
Persistent link: https://www.econbiz.de/10012846316
An increasingly studied auction format is the asymmetric procurement auction, which features an advantaged bidder … are cost-disadvantaged can overcome their inferior cost position. In a design that mirrors real construction procurement … auctions, our laboratory experiment tests whether two information asymmetries (more precise cost estimates and knowledge about …
Persistent link: https://www.econbiz.de/10012846564
We examine auction data to determine if bid rigging presents in procurement auctions for paving works in Ibaraki City …
Persistent link: https://www.econbiz.de/10014217151
We test recent theory on the benefits of auctions and bargaining as alternative procurement mechanisms using data on … the procurement of medical devices by Italian hospitals. Theory suggests that auctions perform well when cost control is …
Persistent link: https://www.econbiz.de/10014159342
This paper documents evidence of widespread collusion among construction firms using a novel dataset covering most of the construction projects procured by the Japanese national government from 2003 to 2006. By examining rebids that occur for auctions when all (initial) bids fail to meet the...
Persistent link: https://www.econbiz.de/10014143891
Abstract Public procurement data sets usually lack detailed data that are needed to implement existing methods of … collusion detection. We design a method to identify and test for bid rigging in procurement auctions using limited information … implement the methodology to a unique data set of entire Turkish public procurement auctions in years 2004-2010, numbering 470 …
Persistent link: https://www.econbiz.de/10014122567
In practical activity, the procurer can often decide to split the supply of a product in multiple contracts, or lots. This paper surveys some competitive tendering procedures for multiple contracts and discusses how the choice of the most appropriate format of competitive tendering for the...
Persistent link: https://www.econbiz.de/10014058806