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Bidder Behaviour in Swedish Simultaneous Procurement Auctions
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
2005 (English)Report (Other academic)
Abstract [en]

Given no capacity constraints and the same set of competitors one would expect the same identity of the bidder having the lowest cost to complete all contracts simultaneously auctioned. Results based on bid level data from Swedish procurement auctions of internal cleaning service contracts suggests otherwise. The same bidder is found on simultaneous auctioned contracts although this bidder has not submitted the lowest bid on all contracts. A possible explanation is that bidders submit aggressive bids on some contracts in order to be given other contracts with less aggressive bids and thereby maximizing the total profit.

Place, publisher, year, edition, pages
CERUM, Umeå , 2005. , 15 p.
Series
CERUM Working Paper, ISSN 1404-5362 ; 80
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-13815ISBN: 91-7305-847-5 (print)OAI: oai:DiVA.org:umu-13815DiVA: diva2:153486
Distributor:
Centrum för regionalvetenskap (CERUM), 90187, Umeå
Available from: 2009-07-09 Created: 2009-07-08 Last updated: 2009-07-09Bibliographically approved

Open Access in DiVA

fulltext(65 kB)274 downloads
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Lundberg, Sofia

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf