Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59002
Authors: 
De Silva, Dakshina G.
Kosmopoulou, Georgia
Pagel, Beatrice
Peeters, Ronald
Year of Publication: 
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

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