作者: Martin Schmidt
关键词: Transaction cost 、 Procurement 、 Economics 、 Game theory 、 Bid price 、 Unique bid auction 、 Bid shading 、 Bidding 、 Proxy bid 、 Microeconomics
摘要: The article examines a mechanism of bid price determination in public procurement by individual tenderers. An auction model based on game theory, which maximizes expected profit firm bidding for contract, is used to analyse this process. Firm within the decides comparing and transaction costs associated with submitting whether submit or not. Furthermore, analyzes empirical data works contracts field construction reconstruction wastewater treatment plants Czech Republic. probability distribution prices submitted firms mainly examined these data. Based presented some finding from data, simulation sequential biddings executed consequently their decision making use available bids previous contracts.