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The impact of timing on bidding behavior in procurement auctions of contracts with private costs

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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The impact of timing on bidding behavior in procurement auctions of contracts with private costs. / De Silva, Dakshina; Kosmopoulou, Georgia; Pagel, Beatrice et al.
In: Review of Industrial Organization, Vol. 42, No. 3, 05.2013, p. 321-343.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

De Silva, D, Kosmopoulou, G, Pagel, B & Peeters, R 2013, 'The impact of timing on bidding behavior in procurement auctions of contracts with private costs', Review of Industrial Organization, vol. 42, no. 3, pp. 321-343. https://doi.org/10.1007/s11151-012-9354-8

APA

De Silva, D., Kosmopoulou, G., Pagel, B., & Peeters, R. (2013). The impact of timing on bidding behavior in procurement auctions of contracts with private costs. Review of Industrial Organization, 42(3), 321-343. https://doi.org/10.1007/s11151-012-9354-8

Vancouver

De Silva D, Kosmopoulou G, Pagel B, Peeters R. The impact of timing on bidding behavior in procurement auctions of contracts with private costs. Review of Industrial Organization. 2013 May;42(3):321-343. doi: 10.1007/s11151-012-9354-8

Author

De Silva, Dakshina ; Kosmopoulou, Georgia ; Pagel, Beatrice et al. / The impact of timing on bidding behavior in procurement auctions of contracts with private costs. In: Review of Industrial Organization. 2013 ; Vol. 42, No. 3. pp. 321-343.

Bibtex

@article{0c46c1db00d24114888511cbc8d6c651,
title = "The impact of timing on bidding behavior in procurement auctions of contracts with private costs",
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 difference-in-difference approach as well as the nonparametric estimation technique that was proposed by Racine and Li (J Econom 119(1):99–130, 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.",
keywords = "Multi-unit auctions, Procurement auctions",
author = "{De Silva}, Dakshina and Georgia Kosmopoulou and Beatrice Pagel and Ronald Peeters",
year = "2013",
month = may,
doi = "10.1007/s11151-012-9354-8",
language = "English",
volume = "42",
pages = "321--343",
journal = "Review of Industrial Organization",
issn = "0889-938X",
publisher = "Springer Netherlands",
number = "3",

}

RIS

TY - JOUR

T1 - The impact of timing on bidding behavior in procurement auctions of contracts with private costs

AU - De Silva, Dakshina

AU - Kosmopoulou, Georgia

AU - Pagel, Beatrice

AU - Peeters, Ronald

PY - 2013/5

Y1 - 2013/5

N2 - 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 difference-in-difference approach as well as the nonparametric estimation technique that was proposed by Racine and Li (J Econom 119(1):99–130, 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.

AB - 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 difference-in-difference approach as well as the nonparametric estimation technique that was proposed by Racine and Li (J Econom 119(1):99–130, 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.

KW - Multi-unit auctions

KW - Procurement auctions

U2 - 10.1007/s11151-012-9354-8

DO - 10.1007/s11151-012-9354-8

M3 - Journal article

VL - 42

SP - 321

EP - 343

JO - Review of Industrial Organization

JF - Review of Industrial Organization

SN - 0889-938X

IS - 3

ER -