The Impact Of Change In Auction Format On Bidding Behavior

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The Impact Of Change In Auction Format On Bidding Behavior

Author Info

Dakshina G. De Silva (Texas Tech University)
Anuruddha Kankanamge (University of Oklahoma)
Georgia Kosmopoulou (University of Oklahoma)

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Abstract

We investigate differences in bidding behavior and participation patterns between simultaneous and multi-round auction formats held in the state of Oklahoma. Theory suggests there could be differential bidding effects arising from synergies and the release of relevant information across the two formats. We find no statistically significant difference in either the number of bids submitted or the bidding patterns observed relative to the control group of auctions held under a uniform format in Texas.

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Paper provided by EconWPA in its series Microeconomics with number 0512009.

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Length: 9 pages
Date of creation: 31 Dec 2005
Date of revision:
Handle: RePEc:wpa:wuwpmi:0512009

Note: Type of Document - pdf; pages: 9
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Find related papers by JEL classification:
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions

This paper has been announced in the following NEP Reports:

NEP-ALL-2006-01-24 (All new papers)
NEP-GTH-2006-01-24 (Game Theory)

References listed on IDEAS
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Anders Lunander & Jan-Eric Nilsson, 2004. "Taking the Lab to the Field: Experimental Tests of Alternative Mechanisms to Procure Multiple Contracts," Journal of Regulatory Economics, Springer, vol. 25(1), pages 39-58, January. [Downloadable!] (restricted)
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Other versions:
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Other versions:
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Other versions:
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Other versions:
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Other versions:
- De Silva, Dakshina G. & Dunne, Timothy & Kankanamge, Anuruddha & Kosmopoulou, Georgia, 2008. "The impact of public information on bidding in highway procurement auctions," European Economic Review, Elsevier, vol. 52(1), pages 150-181, January. [Downloadable!] (restricted)

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