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Competition in the economic crisis: Analysis of procurement auctions
We study the effects of the recent economic crisis on firms׳ bidding behavior and markups in sealed bid auctions. Using data from Austrian construction procurements, we estimate bidders׳ construction costs within a private value auction model. We find that markups of all bids submitted decrease by 1...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
IASP
2015
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4318169/ https://www.ncbi.nlm.nih.gov/pubmed/25673884 http://dx.doi.org/10.1016/j.euroecorev.2014.10.007 |