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Project modifications and bidding in highway procurement auctions

De Silva, Dakshina G.; Dunne, Timothy; Kosmopoulou, Georgia - 2015

This paper examines bidding behavior in a setting where post-bid-letting project modifications occur. These modifications change both the costs and payouts to the winning contractor, making the contract incomplete. Recent empirical research shows that bidders incorporate the likelihood of such...

Persistent link: https://www.econbiz.de/10011397241

Winner's Curse and Entry in Highway Procurement

De Silva, Dakshina G.; Rosa, Benjamin - 2021

winner's curse also affects entry, which can have serious implications for procurement costs and efficiency. We find that the …In procurement auctions, there are situations where a bidder's cost is uncertain at the time of bidding, leading to a …

Persistent link: https://www.econbiz.de/10013215430

Project Modifications and Bidding in Highway Procurement Auctions

De Silva, Dakshina G.; Dunne, Timothy; Kosmopoulou, Georgia - 2017

Persistent link: https://www.econbiz.de/10014048906

Sustainable procurement : social clauses and CSR impacts from a highway perspective

Eadie, Robert; Bradley, Ruairi; Murphy, Martina; … - In: International journal of procurement management 19 (2024) 1, pp. 159-170

Persistent link: https://www.econbiz.de/10015064838

Identification and Estimation in Highway Procurement Auctions Under Unobserved Auction Heterogeneity

Krasnokutskaya, Elena - 2005

for highway procurement when unobserved auction heterogeneity is present. I derive sufficient conditions under which the … question. The estimation procedure is applied to data from Michigan highway procurement auctions. I estimate that 75% of the …

Persistent link: https://www.econbiz.de/10014067395