Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However, the degree of competition realized is closely related to bidders' entry decision and the auctioneer's decision on how to assess technical attributes in the bid evaluation process. This paper estimates the interactive...
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INFORMATION
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2009/03/01
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Document de travail de recherche sur les politiques
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WPS4853
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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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Auctions with endogenous participation and quality thresholds : evidence from ODA infrastructure procurement
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probability distribution