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Heinrich-Heine-Universität Düsseldorf >
Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf >
DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59002
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| Title: | | The impact of timing on bidding behavior in procurement auctions of contracts with private costs  |
| Authors: | | De Silva, Dakshina G. Kosmopoulou, Georgia Pagel, Beatrice Peeters, Ronald |
| Issue Date: | | 2012 |
| Series/Report no.: | | DICE Discussion Paper 54 |
| Abstract: | | We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts that are known to have primarily private costs. Using a reduced-form differenc-in-difference approach as well as the nonparametric estimation technique that was 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 that are related to synergies and the level of bidder participation. |
| Subjects: | | multi-unit auctions procurement auctions |
| JEL: | | D44 H57 |
| ISBN: | | 978-3-86304-053-6 |
| Document Type: | | Working Paper |
| Appears in Collections: | | DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)
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