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Budish, Eric B.; Cramton, Peter C.; Kyle, Albert S.; … - National Bureau of Economic Research - 2023

-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …

Persistent link: https://www.econbiz.de/10014250116

Scoring and Cartel Discipline in Procurement Auctions

Nakabayashi, Jun; Ortner, Juan M.; Chassang, Sylvain; … - National Bureau of Economic Research - 2025

alternative is to design auctions that hinder collusion. Since Abreu et al. (1986), economic theory has emphasized imperfect … subjective scoring in auctions run by Japan's Ministry of Land, Infrastructure, and Transportation. The adoption of scoring … auctions significantly reduced winning bids in ways inconsistent with competition. Model-based inference suggests that the …

Persistent link: https://www.econbiz.de/10015398120

The Bidder Exclusion Effect

Coey, Dominic - 2014

We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and Klemperer (1996), connecting their theoretical results...

Persistent link: https://www.econbiz.de/10012458142

Procurement and Infrastructure Costs

Liscow, Zachary; Nober, Will; Slattery, Cailin - National Bureau of Economic Research - 2023

Infrastructure costs in the United States are high and rising. The procurement process is one potential cost driver. In this paper we conduct a survey of procurement practices across the 50 states. We survey both employees at each state department of transportation (DOT) and the road builders...

Persistent link: https://www.econbiz.de/10014372462

Phoning Home : The Procurement of Telecommunications for Incarcerated Individuals in the United States

Marra, M. R.; Miller, Nathan H.; Sileo, Gretchen - National Bureau of Economic Research - 2024

Incarcerated individuals in the U.S. purchase goods and services from monopoly vendors selected by their correctional authority. We study telecommunications, which have come under bipartisan scrutiny due to the high prices inmates pay for phone calls. Prospective providers are evaluated on their...

Persistent link: https://www.econbiz.de/10015171694

Highway Procurement During the Great Recession and Stimulus

De Silva, Dakshina G.; Rosa, Benjamin - National Bureau of Economic Research - 2024

We study highway procurement in Texas during the Great Recession and stimulus period, finding increased competition with more bidders and lower bids. We argue that the recession reduced opportunity costs, in part due to a slump in private-sector construction. We evaluate costs and efficiency by...

Persistent link: https://www.econbiz.de/10015171700

The Benefits from Bundling Demand in K-12 Broadband Procurement

Aryal, Gaurab; Murry, Charles; Pal, Pallavi; Palit, Arnab - National Bureau of Economic Research - 2025

We study a new market design for K-12 school broadband procurement that switched from school-specific bidding to a system that bundled schools into groups. Using an event study approach, we estimate the program reduced internet prices by 37% per Mbps per month while increasing bandwidth by 500%....

Persistent link: https://www.econbiz.de/10015326491

Consumer Demand with Social Influences : Evidence from an E-Commerce Platform

Caoui, El Hadi; Farronato, Chiara; Horton, John J.; … - National Bureau of Economic Research - 2022

this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform …. We model endogenous entry and bidding in multi-unit auctions and construct demand curves from realized bids. We find that …

Persistent link: https://www.econbiz.de/10013362005

A Bid Strategy for Earlier Payment : Evidence and Implications of Front-End Loading in Procurement

Marion, Justin; Rosa, Benjamin - National Bureau of Economic Research - 2025

Liquidity management is key in industries with variable cash flows. We study how businesses in the highway construction industry manage cash flow by strategically bidding more on work with an earlier payout--a practice known as front-end loading. We find that small contractors, infrequent...

Persistent link: https://www.econbiz.de/10015361482

Information Spillovers and Sovereign Debt : Theory Meets the Eurozone Crisis

Cole, Harold L.; Neuhann, Daniel; Ordoñez, Guillermo - National Bureau of Economic Research - 2022

-unit discriminatory-price auctions, an endogenous winner's curse leads to strategic complementarities in information acquisition. As a …

Persistent link: https://www.econbiz.de/10013334434