12,000

We have over 12,000 students, from over 100 countries, within one of the safest campuses in the UK

93%

93% of Lancaster students go into work or further study within six months of graduating

Home > Research > Publications & Outputs > Synergies in Recurring Procurement Auctions: An...
View graph of relations

« Back

Synergies in Recurring Procurement Auctions: An Empirical Investigation

Research output: Contribution to journalJournal article

Published

Journal publication date01/2005
JournalEconomic Inquiry
Journal number1
Volume43
Number of pages12
Pages55-66
Original languageEnglish

Abstract

This article examines the impact of synergies on bidder behavior in recurring road construction procurement auctions. The study reveals that projects are spatially correlated. When bidders with potential synergies participate, the results indicate that their probability of bidding and winning increases and they bid more aggressively. Finally, the study shows that a firm that is capacity unconstrained will bid more aggressively than one that is capacity constrained.