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Title:The impact of timing on bidding behavior in procurement auctions of contracts with private costs PDF Logo
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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