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Efficacy of a Bidder Training Program: Lessons from LINC

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  • De Silva, Dakshina G.
  • Hubbard, Timothy P.
  • Kosmopoulou, Georgia

Abstract

In an effort to accommodate a change in the U.S. Federal Highway Administration's goals towards "race-neutral methods" concerning the involvement of Disadvantaged Business Enterprises in procurement contracting, the Texas Department of Transportation created a Learning, Information, Networking and Collaboration (LINC) bidder training program. We examine the costs, benefits, and efficacy of this program using ten years of data, leveraging firm-specific bidding patterns with participation dates. We study participation, entry and bidding patterns of LINC-trained relative to untrained firms. We also analyze market power effects and the survival rates of LINC graduates.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 51329.

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Date of creation: 06 Nov 2013
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Handle: RePEc:pra:mprapa:51329

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Keywords: Auctions; bidder training; disadvantaged business enterprises;

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References

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  1. Hickman Brent R. & Hubbard Timothy P. & Sağlam Yiğit, 2012. "Structural Econometric Methods in Auctions: A Guide to the Literature," Journal of Econometric Methods, De Gruyter, vol. 1(1), pages 67-106, August.
  2. Emmanuel Guerre & Isabelle Perrigne & Quang Vuong, 2000. "Optimal Nonparametric Estimation of First-Price Auctions," Econometrica, Econometric Society, Econometric Society, vol. 68(3), pages 525-574, May.
  3. De Silva, Dakshina G. & Dunne, Timothy & Kosmopoulou, Georgia & Lamarche, Carlos, 2012. "Disadvantaged business enterprise goals in government procurement contracting: An analysis of bidding behavior and costs," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 30(4), pages 377-388.
  4. Justin Marion, 2011. "Affirmative Action And The Utilization Of Minority‐ And Women‐Owned Businesses In Highway Procurement," Economic Inquiry, Western Economic Association International, vol. 49(3), pages 899-915, 07.
  5. Timothy P. Hubbard & Rene Kirkegaard & Harry J. Paarsch, 2011. "Using Economic Theory to Guide Numerical Analysis: Solving for Equilibria in Models of Asymmetric First-Price Auctions," Carlo Alberto Notebooks, Collegio Carlo Alberto 207, Collegio Carlo Alberto.
  6. Marion, Justin, 2007. "Are bid preferences benign? The effect of small business subsidies in highway procurement auctions," Journal of Public Economics, Elsevier, Elsevier, vol. 91(7-8), pages 1591-1624, August.
  7. McAfee, R. Preston & McMillan, John, 1989. "Government procurement and international trade," Journal of International Economics, Elsevier, Elsevier, vol. 26(3-4), pages 291-308, May.
  8. Kirkegaard, René, 2009. "Asymmetric first price auctions," Journal of Economic Theory, Elsevier, Elsevier, vol. 144(4), pages 1617-1635, July.
  9. Justin Marion, 2009. "How Costly Is Affirmative Action? Government Contracting and California's Proposition 209," The Review of Economics and Statistics, MIT Press, vol. 91(3), pages 503-522, August.
  10. Lebrun, Bernard, 1999. "First Price Auctions in the Asymmetric N Bidder Case," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(1), pages 125-42, February.
  11. De Silva, Dakshina G. & Kosmopoulou, Georgia & Lamarche, Carlos, 2007. "The Effect of Information on the Bidding and Survival of Entrants in Procurement Auctions," MPRA Paper 5236, University Library of Munich, Germany.
  12. Véronique Flambard & Isabelle Perrigne, 2006. "Asymmetry in Procurement Auctions: Evidence from Snow Removal Contracts," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 116(514), pages 1014-1036, October.
  13. Hubbard, Timothy P. & Paarsch, Harry J., 2009. "Investigating bid preferences at low-price, sealed-bid auctions with endogenous participation," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 27(1), pages 1-14, January.
  14. Lebrun, Bernard, 2006. "Uniqueness of the equilibrium in first-price auctions," Games and Economic Behavior, Elsevier, Elsevier, vol. 55(1), pages 131-151, April.
  15. Elena Krasnokutskaya & Katja Seim, 2011. "Bid Preference Programs and Participation in Highway Procurement Auctions," American Economic Review, American Economic Association, American Economic Association, vol. 101(6), pages 2653-86, October.
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