TY  - JOUR
AB  - Previous empirical studies examine the effect of asymmetries across bidders on auction outcomes. This paper tests for asymmetries in behavior when bidders are confronted with different regulatory environments. Data from federal and state highway resurfacing projects in Colorado are used to determine if bids are more aggressive when contractors switch from federal projects, with Davis-Bacon prevailing wage and Disadvantaged Business Enterprise regulations, to less-regulated state projects. Results from fixed effects estimates of winning bids indicate that the level of aggressive bidding is not altered with a change in regulations, at least not with respect to the policies and types of projects examined here.
VL  - 15
IS  - 3
SN  - 1535-0118
DO  - 10.1108/JOPP-15-03-2015-B002
UR  - https://doi.org/10.1108/JOPP-15-03-2015-B002
AU  - Duncan Kevin C.
PY  - 2015
Y1  - 2015/01/01
TI  - Do federal davis-bacon and disadvantaged business enterprise regulations affect aggressive bidding? evidence from highway resurfacing procurement auctions
T2  - Journal of Public Procurement
PB  - Emerald Publishing Limited
SP  - 291
EP  - 316
Y2  - 2024/04/25
ER  -