Bidders’ Entry and Auctioneer’s Rejection : Applying a Double Selection Model to Road Procurement Auctions

Estache, Antonio; Iimi, Atsushi

dc.creator	Estache, Antonio
dc.creator	Iimi, Atsushi
dc.date	2012-03-19T19:09:06Z
dc.date	2012-03-19T19:09:06Z
dc.date	2009-03-01
dc.date.accessioned	2023-02-17T21:08:17Z
dc.date.available	2023-02-17T21:08:17Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090304112718
dc.identifier	http://hdl.handle.net/10986/4051
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/245021
dc.description	Limited competition has been a serious concern in infrastructure procurement. Importantly, however, there are normally a number of potential bidders initially showing interest in proposed projects. This paper focuses on tackling the question why these initially interested bidders fade out. An empirical problem is that no bids of fading-out firms are observable. They could decide not to enter the process at the beginning of the tendering or may be technically disqualified at any point in the selection process. This paper applies the double selection model to procurement data from road development projects in developing countries and examines why competition ends up restricted. It shows that bidders are self-selective and auctioneers also tend to limit participation depending on the size of contracts. Therefore, limited competition would likely lead to high infrastructure procurement costs.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 4855
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	AFFILIATED
dc.subject	AFFILIATED ORGANIZATIONS
dc.subject	AUCTION
dc.subject	AUCTION MARKETS
dc.subject	AUCTION PROCESS
dc.subject	AUCTIONS
dc.subject	BID
dc.subject	BID EVALUATION
dc.subject	BID EVALUATION STAGE
dc.subject	BID PRICE
dc.subject	BIDDER
dc.subject	BIDDERS
dc.subject	BIDDING
dc.subject	BIDDING DOCUMENTS
dc.subject	BIDS
dc.subject	BUSINESS DEVELOPMENT
dc.subject	BUSINESS RELATIONSHIP
dc.subject	BUYER
dc.subject	CAPABILITIES
dc.subject	CAPACITY CONSTRAINTS
dc.subject	COMPETITION
dc.subject	COMPETITIVE BIDDING
dc.subject	COMPETITIVE TENDERS
dc.subject	COMPETITIVENESS
dc.subject	CONSTRUCTION WORKS
dc.subject	CONTRACT
dc.subject	CONTRACT COST
dc.subject	CONTRACT DURATION
dc.subject	CONTRACTORS
dc.subject	CONTRACTS
dc.subject	COST ESTIMATE
dc.subject	COST ESTIMATES
dc.subject	CREDIBILITY
dc.subject	CREDITOR
dc.subject	DATA
dc.subject	DATABASE
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DUMMY VARIABLES
dc.subject	EQUIPMENT
dc.subject	EVALUATION SYSTEM
dc.subject	EXCHANGE
dc.subject	EXPENDITURE
dc.subject	FINANCE
dc.subject	GOOD
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT PROCUREMENT
dc.subject	HOLDING
dc.subject	INFORMATION
dc.subject	INFRASTRUCTURE DEVELOPMENT
dc.subject	INSTRUMENTS
dc.subject	INTEREST
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL ECONOMICS
dc.subject	JOINT VENTURE
dc.subject	LACK OF COMPETITION
dc.subject	LOCAL BUSINESS
dc.subject	MARKET
dc.subject	MARKET COMPETITION
dc.subject	MARKET CONCENTRATION
dc.subject	MARKET CONDITIONS
dc.subject	MARKETPLACE
dc.subject	POLITICAL ECONOMY
dc.subject	POTENTIAL BIDDERS
dc.subject	PRICE AUCTIONS
dc.subject	PRICE BID
dc.subject	PRICE COMPARISON
dc.subject	PRICE COMPETITION
dc.subject	PRICE CRITERIA
dc.subject	PRICE EFFECT
dc.subject	PRICE EVALUATION
dc.subject	PRICES
dc.subject	PRIVATE SECTOR
dc.subject	PROCUREMENT
dc.subject	PROCUREMENT CONTRACTS
dc.subject	PROCUREMENT PRACTICES
dc.subject	PROCUREMENT PROCEDURE
dc.subject	PRODUCT
dc.subject	PROFITS
dc.subject	PROSPECTIVE BIDDERS
dc.subject	PUBLIC
dc.subject	PUBLIC CONTRACTS
dc.subject	PUBLIC PROCUREMENT
dc.subject	PUBLIC PROCUREMENT SYSTEMS
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC WORKS
dc.subject	PURCHASING
dc.subject	QUALIFICATION REQUIREMENTS
dc.subject	QUALIFIED BIDDERS
dc.subject	RENEGOTIATION
dc.subject	RESERVE
dc.subject	RESULT
dc.subject	RESULTS
dc.subject	SALE
dc.subject	SHARE
dc.subject	SUPPLY
dc.subject	TECHNICAL BIDS
dc.subject	TECHNICAL QUALIFICATION
dc.subject	TECHNICAL REQUIREMENTS
dc.subject	TELECOM
dc.subject	TENDER NOTICES
dc.subject	TENDER PROCESS
dc.subject	TENDERING
dc.subject	TENDERS
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TRANSACTIONS
dc.subject	TRANSPARENCY
dc.subject	VALUE
dc.subject	WEB
dc.subject	WINNING BID
dc.title	Bidders’ Entry and Auctioneer’s Rejection : Applying a Double Selection Model to Road Procurement Auctions
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	The World Region