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Andrea, Guglielmo ; Decio, Coviello ; Giancarlo, Spagnolo ; Giancarlo, Spagnolo. (2016) The effect of discretion on procurement performance.
In: CEP Discussion Papers. RePEc:cep:cepdps:dp1427.
Full description at Econpapers
cites:
Figure 2: Rebates, Number of Bidders and Discretion 5 10 15 20 25 30 35 5 10 15 20 25 30 35 40 45 50 55 60 65 70 Number of bidders Minimum Winning Maximum % rebate from the starting value Notes: Distribution of the rebates conditional on the number of bidders participating to the auction at different levels of discretion: high (in red) or low (in blue). Circles denote the minimum rebate; triangles the winning rebate; diamonds the maximum rebate. Vertical lines denote the 95% confidence intervals. Source: Statistics for all the public construction works tendered between 2000 and 2005, with reserve price y ∈ [2, 5], in 100,000 euros (2005 equivalents). Figure 3: Overall Distribution of the Auctions Reserve Price 0 .2 .4 .6 .8 Density −1 0 1 2 Dist. from the discontinuity, in 100000 euro Notes: The running variable is the difference between reservation price and the 300,000 euro threshold (red vertical line).
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