Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects. Entrant bidders are considered a key to enhance competition in an auction and break potential collusive arrangements among incumbent bidders. Asymmetric auction theory predicts that weak (fringe) bidders would...
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INFORMATION
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2008/07/01
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Document de travail de recherche sur les politiques
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WPS4660
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1
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1
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2010/07/01
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Disclosed
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Bidder asymmetry in infrastructure procurement : are there any fringe bidders ?
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probability distribution
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