Decision Sciences
4 years ago

Multi-round auctions lead to more aggressive bidding behavior in contracts.

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SSRN Electronic Journal
The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs
Dakshina G. De Silva, Georgia Kosmopoulou, Beatrice Pagel, Ronald Peeters

Paper Summary

The study compared how people bid in auctions for construction contracts. They found that in auctions where bids are done in multiple rounds, people bid more aggressively compared to auctions where bids are done all at once. This difference in bidding behavior could be due to factors like working together and how many bidders are involved.

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