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

Dakshina De Silva, Georgia Kosmopoulou, Beatrice Pagel and Ronald Peeters

MPRA Paper from University Library of Munich, Germany

Abstract: We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts. Using a reduced-form difference-in-difference approach as well as the nonparametric estimation technique 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 related to synergies and level of bidder participation.

Keywords: Multi-unit auctions; Procurement auctions (search for similar items in EconPapers)
JEL-codes: D44 H57 (search for similar items in EconPapers)
Date: 2010-10-18
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Related works:
Journal Article: The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs (2013)
Working Paper: The impact of timing on bidding behavior in procurement auctions of contracts with private costs (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27355

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