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Empirical analysis of unbalanced bidding on Swedish roads
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics.
Högskolan Dalarna.
2019 (English)Report (Other academic)
Abstract [en]

Based on anecdotal evidence, claims are made that unbalanced bidding is a major problem in the construction industry. This concept refers to a sealed price auction setting with asymmetric information and unit prices, where information rents are extracted. Theoretical literature has shown that it is rational for an informed contractor to skew unit prices. However, empirical studies on the magnitude of the problem are lacking. As the first quantitative study based on European data, it is shown that unbalanced bidding exists, but in small magnitudes. The result is in line with earlier studies from the US.

Place, publisher, year, edition, pages
Stockholm: VTI , 2019. , p. 29
Series
Working Papers, Swedish National Road & Transport Research Institute ; 2019:4
National Category
Economics
Identifiers
URN: urn:nbn:se:vti:diva-14094OAI: oai:DiVA.org:vti-14094DiVA, id: diva2:1345243
Available from: 2019-08-23 Created: 2019-08-23 Last updated: 2019-08-23Bibliographically approved

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Type fulltextMimetype application/pdf

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Nyström, Johan

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf