Bid Preference Programs and Participation in Highway Procurement Auctions

被引:130
|
作者
Krasnokutskaya, Elena [1 ]
Seim, Katja [2 ]
机构
[1] Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA
[2] Univ Penn, Dept Business & Publ Policy, Philadelphia, PA 19104 USA
来源
AMERICAN ECONOMIC REVIEW | 2011年 / 101卷 / 06期
关键词
AFFIRMATIVE-ACTION; 1ST-PRICE AUCTIONS; WINNERS CURSE; ENTRY; COMPETITION; IDENTIFICATION; COST;
D O I
10.1257/aer.101.6.2653
中图分类号
F [经济];
学科分类号
02 ;
摘要
We use data from highway procurement auctions subject to California's Small Business Preference program to study the effect of bid preferences on auction outcomes. Our analysis is based on an estimated model of firms' bidding and participation decisions, which allows us to evaluate the effects of current and alternative policy designs. We show that incorporating participation responses significantly alters the assessment of preferential treatment policies. (JEL D44, H76, R42)
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页码:2653 / 2686
页数:34
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