Entry And Subcontracting In Public Procurement Auctions
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Entry And Subcontracting In Public Procurement Auctions
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Author : Nicola Branzoli
language : en
Publisher:
Release Date : 2019
Entry And Subcontracting In Public Procurement Auctions written by Nicola Branzoli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We empirically study how the interplay between entry and subcontracting choices is affected by the use of different auction formats in public procurement. The difference-in-differences strategy used exploits a data set of auctions for public works run alternately under first price and average bid auctions. We find that the use of first price auctions causes a marked decline in both entry and subcontracting. We also find that the type of firms entering first price auctions changes with firms becoming more likely to bid jointly with other firms in ad hoc joint ventures.
Entry And Bidding In Common And Private Value Auctions With An Unknown Number Of Rivals
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Author : Dakshina G. De Silva
language : en
Publisher:
Release Date : 2009
Entry And Bidding In Common And Private Value Auctions With An Unknown Number Of Rivals written by Dakshina G. De Silva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
In many procurement auctions bidders do not know how many rivals they face at the time they incur the cost of preparing their bids. We show in a theoretical model that regardless of whether the procurement is characterized by private or by common values an increase in the potential number of bidders may lead to higher procurement costs. This raises potential policy questions of whether and how entry should be encouraged in public procurement auctions.We use evidence from auctions of construction contracts to estimate the effect of an increase in the pool of potential bidders on entry and auction prices when entry and bidding decisions are made sequentially with no knowledge of the number or identity of the actual competitors.
Handbook Of Procurement
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Author : Nicola Dimitri
language : en
Publisher: Cambridge University Press
Release Date : 2006-09-28
Handbook Of Procurement written by Nicola Dimitri and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-28 with Business & Economics categories.
How can organizations ensure that they can get best value for money in their procurement decisions? How can they stimulate innovations from their dedicated suppliers? With contributions from leading academics and professionals, this 2006 handbook offers expert guidance on the fundamental aspects of successful procurement design and management in firms, public administrations, and international institutions. The issues addressed include the management of dynamic procurement; the handling of procurement risk; the architecture of purchasing systems; the structure of incentives in procurement contracts; methods to increase suppliers' participation in procurement contests and e-procurement platforms; how to minimize the risk of collusion and of corruption; pricing and reputation mechanisms in e-procurement platforms; and how procurement can enhance innovation. Inspired by frontier research, it provides practical recommendations to managers, engineers and lawyers engaged in private and public procurement design.
The Challenges Of Public Procurement Reforms
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Author : Annalisa Castelli
language : en
Publisher: Routledge
Release Date : 2020-08-31
The Challenges Of Public Procurement Reforms written by Annalisa Castelli and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-31 with Business & Economics categories.
Public procurement affects a substantial share of world trade flows, amounting to 1000 billion euros per year. In the EU, the public purchase of works, goods and services has been estimated to account on average for 16 percent of GDP. The novelty of this book is that it focuses on the new European Union Directives approved in 2014 by the EU Parliament. The book consists of original contributions related to four specific themes of interest to the procurers’ day-to-day role in modern public purchasing organizations – both economists and lawyers – allowing for relevant exchanges of views and “real time” interaction. The four sections which characterize the book are Life-cycle Costing in Public Procurement; Calculating Costs and Savings of Public Procurement; Corruption and Probity in Public Procurement and Public Procurement and International Trade Agreements: CETA, TTIP and beyond. These themes have been chosen for their current relevance in relation to the new European Public Procurement Directives and beyond. The original format features, as is the case with the first three volumes, an introductory exchange between leading academics and practitioners, from differing disciplines. It offers a series of sequential interactions between economists, lawyers and technical experts who supplement one another, so as to enrich the liveliness of the debate and improve the mutual understanding between the various professions. This essential guide will be of interest to policymakers, academics, students and researchers, as well as practitioners working in the field of EU public procurement.
Bid Costs And The In Efficiency Of Public Procurement Auctions
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Author : Niels Blomgren-Hansen
language : en
Publisher:
Release Date : 2019
Bid Costs And The In Efficiency Of Public Procurement Auctions written by Niels Blomgren-Hansen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The paper analyzes the excess entry hypothesis for sealed-bid first-price public procurement auctions. The hypothesis is proved analytically for any feasible combination of bid preparation cost and bid evaluation cost when the bidders face a rectangular cost density function and confirmed in numerical simulations based on a family of flexible cost density functions. The excess entry hypothesis implies that the procurer may reduce both his own cost and the social cost by imposing a positive fee on the bids. Sequential search is a superior strategy to a public procurement auction whether or not the procurer imposes an optimal fee on the bids.
Handbook Of Industrial Organization
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Author :
language : en
Publisher: Elsevier
Release Date : 2021-12-09
Handbook Of Industrial Organization written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-09 with Business & Economics categories.
Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists
Public Procurement In The European Union
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Author : Alexander Rhode
language : en
Publisher: Springer Nature
Release Date : 2019-10-19
Public Procurement In The European Union written by Alexander Rhode and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-19 with Business & Economics categories.
Alexander Rhode investigates performance-oriented measures of Contracting Authorities in public tenders conducted within the EU. He finds that Contracting Authorities can improve their performance and attract more suppliers by publishing (as precise as possible) starting prices in the beginning of a tender. First, he reports that compared with private-sector negotiations, starting prices do not create entry barriers in public procurement. Second, he finds that increased numerical precision of starting prices is linearly correlated with better performance and a higher number of bids. In public procurement, suppliers tend to attribute increased credibility to precise starting prices which reduces their (perceived) entry risks.
The Effect Of Information On The Bidding And Survival Of Entrants In Procurement Auctions
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Author : Dakshina G. De Silva
language : en
Publisher:
Release Date : 2008
The Effect Of Information On The Bidding And Survival Of Entrants In Procurement Auctions written by Dakshina G. De Silva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
In government procurement auctions of construction contracts, entrants are typically less informed and bid more aggressively than incumbent firms. This bidding behavior makes them more susceptible to losses affecting their prospect of survival. In April of 2000, the Oklahoma Department of Transportation started releasing the internal cost estimates to complete highway construction projects. Using newly developed quantile regression approaches, this paper examines the impact of the policy change on aggressive entrants. First, we find that the information release eliminates the bidding differential between entrants and incumbents attributed to informational asymmetries. Second, we argue that the policy change affects the prospects of survival of entrants in the market. We find that those who used to exit the market relatively soon are now staying 37 percent longer, while at the median level bidding duration increased by roughly 68 percent. The policy has the potential to encourage entry in government procurement auctions and thus increase competition.
Design Of Public Procurement Auctions
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Author : Ari Hyytinen
language : en
Publisher:
Release Date : 2016
Design Of Public Procurement Auctions written by Ari Hyytinen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Auctions categories.
We analyze a regime change from beauty contests to first-price sealed-bid and scoring auctions, using data on public procurement of cleaning services in Swedish municipalities. In beauty contests, the lowest bid often lost and municipalities left substantial money on the table. The procurement costs were similar before and after the regime change, for two reasons: i) Entry strongly decreases the procurement cost, but did not change. Entry would have decreased with the regime change had the municipalities not adjusted the objects of auctions. ii) Municipalities were less price-sensitive and favored inhouse suppliers in the old regime, leading to more aggressive bidding by others. When the scope for favoritism reduced, these changes balanced each other out. We discuss the implications of our findings for efficiency and welfare.
Joint Bidding Governance And Public Procurement Costs
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Author : Antonio Estache
language : en
Publisher:
Release Date : 2009
Joint Bidding Governance And Public Procurement Costs written by Antonio Estache and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Electronic book categories.