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Taking the Lab to the Field: Experimental Tests of Alternative Mechanisms to Procure Multiple Contracts
Örebro universitet.
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.ORCID iD: 0000-0002-5814-917X
2004 (English)In: Journal of Regulatory Economics, ISSN 0922-680X, E-ISSN 1573-0468, Vol. 25, no 1, 39-58 p.Article in journal (Refereed) Published
Abstract [en]

The first part of the paper reports the results from a sequence of laboratory experiments comparing the bidding behavior for multiple contracts in three different sealed bid auction mechanisms; first-price simultaneous, first-price sequential and first-price combinatorial bidding. The design of the experiment is based on experiences from a public procurement auction of road markings in Sweden. Bidders are asymmetric in their cost functions; some exhibit decreasing average costs of winning more than one contract, whereas other bidders have increasing average cost functions. The combinatorial bidding mechanism is demonstrated to be most efficient. The second part of the paper describes how the lab experiment was followed up by a field test of a combinatorial procurement auction of road markings.

Place, publisher, year, edition, pages
2004. Vol. 25, no 1, 39-58 p.
Keyword [en]
English, Netherlands, Contract, Bid, Behaviour, Experiment, Laboratory, In situ
National Category
Economics
Research subject
Road: General works, surveys, comprehensive works, Road: Economics
Identifiers
URN: urn:nbn:se:vti:diva-396DOI: 10.1023/B:REGE.0000008654.68169.08ISI: 000187320500002OAI: oai:DiVA.org:vti-396DiVA: diva2:667675
Available from: 2013-11-27 Created: 2013-11-27 Last updated: 2016-02-25Bibliographically approved

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Nilsson, Jan-Eric
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Transport economics Stockholm
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CiteExportLink to record
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Citation style
  • apa
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More styles
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  • de-DE
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  • nn-NO
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  • Other locale
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Output format
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  • asciidoc
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