The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs

The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs PDF Author:
Publisher:
ISBN: 9783863040536
Category :
Languages : en
Pages : 0

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The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs

The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs PDF Author:
Publisher:
ISBN: 9783863040536
Category :
Languages : en
Pages : 0

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Book Description


The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs

The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs PDF Author: Dakshina G. De Silva
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts. Using a reduced-form difference-in-difference approach as well as the nonparametric estimation technique proposed by Racine and Li (2004) we find that, bidding is more aggressive in a sequential multi-round setting than in a simultaneous single-round format. We explore potential causes for the bidding difference across formats related to synergies and level of bidder participation.

Putting Auction Theory to Work

Putting Auction Theory to Work PDF Author: Paul Milgrom
Publisher: Cambridge University Press
ISBN: 1139449168
Category : Business & Economics
Languages : en
Pages : 378

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Book Description
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

Handbook of Industrial Organization

Handbook of Industrial Organization PDF Author: Kate Ho
Publisher: Elsevier
ISBN: 0323988873
Category : Business & Economics
Languages : en
Pages : 782

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Book Description
Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists

Risk Management in Public-Private Partnerships

Risk Management in Public-Private Partnerships PDF Author: Mohammad Heydari
Publisher: Routledge
ISBN: 1000326578
Category : Business & Economics
Languages : en
Pages : 286

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Book Description
Public-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms. The book also stresses the importance of good governance for PPP. It outlines principles and procedures of project risk management (PRM) developed by a working party of the Association of Project Managers. Finally, the book concludes by proposing strategies and solutions to overcome the limitations and challenges of the current approach toward PPP.

Best Practices for Online Procurement Auctions

Best Practices for Online Procurement Auctions PDF Author: Parente, Diane H.
Publisher: IGI Global
ISBN: 1599046385
Category : Education
Languages : en
Pages : 402

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Book Description
Offers a systematic approach to the examination of online procurement auctions. Growth in online auctions reinforces the need for understanding the factors important in auctions and the caveats that both researchers and practitioners need to know in order to effectively study and use the auction tool.

Electricity Auctions

Electricity Auctions PDF Author: Luiz Maurer
Publisher: World Bank Publications
ISBN: 082138824X
Category : Business & Economics
Languages : en
Pages : 181

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Book Description
Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.

Bayesian Analysis in Economic Theory and Time Series Analysis

Bayesian Analysis in Economic Theory and Time Series Analysis PDF Author: Charles A. Holt
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 200

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Book Description
Bidding for contract; A bayesian approach to the spectral analysis of stationary time series.

Results and Trends in Theoretical Computer Science

Results and Trends in Theoretical Computer Science PDF Author: Juliani Karhumäki
Publisher: Springer Science & Business Media
ISBN: 9783540581314
Category : Computers
Languages : en
Pages : 452

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Book Description
This volume is dedicated to Professor Arto Salomaa on the occasion of his 60th birthday. The 32 invited papers contained in the volume were presented at the festive colloquium, organized by Hermann Maurer at Graz, Austria, in June 1994; the contributing authors are well-known scientists with special relations to Professor Salomaa as friends, Ph.D. students, or co-authors. The volume reflects the broad spectrum of Professor Salomaa's research interests in theoretical computer science and mathematics with contributions particularly to automata theory, formal language theory, mathematical logic, computability, and cryptography. The appendix presents Professor Salomaa's curriculum vitae and lists the more than 300 papers and 9 books he published.

Combinatorial Auctions

Combinatorial Auctions PDF Author: Peter C. Cramton
Publisher: MIT Press (MA)
ISBN:
Category : Business & Economics
Languages : en
Pages : 678

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Book Description
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.