Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Synergies in Recurring Procurement Auctions: An Empirical Investigation
AU - De Silva, Dakshina G.
PY - 2005/1
Y1 - 2005/1
N2 - 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.
AB - 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.
KW - Auctions
KW - Synergies
KW - Procurement
U2 - 10.1093/ei/cbi005
DO - 10.1093/ei/cbi005
M3 - Journal article
VL - 43
SP - 55
EP - 66
JO - Economic Inquiry
JF - Economic Inquiry
SN - 0095-2583
IS - 1
ER -