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来源类型Working Paper
规范类型报告
DOI10.3386/w9757
来源IDWorking Paper 9757
Auctions Versus Negotiations in Procurement: An Empirical Analysis
Patrick Bajari; Robert S. McMillan; Steve Tadelis
发表日期2003-06-09
出版年2003
语种英语
摘要Should the buyer of a customized good use competitive bidding or negotiation to select a contractor? To shed light on this question, we offer a framework that compares auctions with negotiations. We then examine a comprehensive data set of private sector building contracts awarded in Northern California during the years 1995-2000. The analysis suggests a number of potential limitations to the use of auctions. Auctions perform poorly when projects are complex, contractual design is incomplete and there are few available bidders. Furthermore, auctions stifle communication between buyers and the sellers, preventing the buyer from utilizing the contractor's expertise when designing the project. Some implications of these results for procurement in the public sector are discussed.
主题Industrial Organization ; Microeconomics ; Households and Firms
URLhttps://www.nber.org/papers/w9757
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/567381
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Patrick Bajari,Robert S. McMillan,Steve Tadelis. Auctions Versus Negotiations in Procurement: An Empirical Analysis. 2003.
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