Bidders’ behavior in auction formats has always been a widely discussed issue by traditional economics, whose most prominent theories, such as game theory, seek to predict from a normative standpoint, the best strategy that should be followed in order to maximize the utility function. However, there is scientific evidence that suggests that bidders, even in public procurement scenarios, deviate systematically from the expected rational behavior and instead of making a profit by winning an auction, they incur losses subsequently. The following paper seeks to shed some light on a phenomenon known as ‘The Winner’s curse’ and how its existence and effects in public procurement, broaden the analysis of the ‘abnormally low tenders’ issue, by sugg...
This paper analyzes the different papers that are framed in corruption, not only in auctions bu...
[EN] The construction industry is a key sector to maintain stable economic growth, employment and pr...
La actual investigación estudia los procesos de contratación estatal bajo el modelo de licitación pú...
73 páginasBidders' behavior in auction formats has long been a widely discussed issue by traditional...
El comportamiento de los oferentes en formatos de subasta ha sido un tema ampliamente abordado por l...
Under the current regulations that rule public procurement in Colombia, the English Auction is the m...
We analyze the preferences of a risk-averse auctioneer over several auction mechanisms with risk-neu...
Inter-administrative agreements and contracts are some of the exceptions to competitive bidding or s...
The following paper tries to evaluate the efficiency of fines in goverment/Public Procurement with t...
Public procurement processes can be permeated by acts of corruption that can distort efficient alloc...
La presente Monografía Jurídica se sitúa en medio de dos regímenes jurídicos que interactúan y se co...
En este artículo abordamos la creencia de los apostadores según la cual, cuando el premio mayor de l...
En el marco de los Objetivos del Milenio, la falta de provisión de servicios públicos esenciales co...
Una gran cantidad de mercados, como el de varias de las bolsas de valores a nivel global y las centr...
Competitive bidding should be analyzed from two aspects: from the state, wants the proposed c...
This paper analyzes the different papers that are framed in corruption, not only in auctions bu...
[EN] The construction industry is a key sector to maintain stable economic growth, employment and pr...
La actual investigación estudia los procesos de contratación estatal bajo el modelo de licitación pú...
73 páginasBidders' behavior in auction formats has long been a widely discussed issue by traditional...
El comportamiento de los oferentes en formatos de subasta ha sido un tema ampliamente abordado por l...
Under the current regulations that rule public procurement in Colombia, the English Auction is the m...
We analyze the preferences of a risk-averse auctioneer over several auction mechanisms with risk-neu...
Inter-administrative agreements and contracts are some of the exceptions to competitive bidding or s...
The following paper tries to evaluate the efficiency of fines in goverment/Public Procurement with t...
Public procurement processes can be permeated by acts of corruption that can distort efficient alloc...
La presente Monografía Jurídica se sitúa en medio de dos regímenes jurídicos que interactúan y se co...
En este artículo abordamos la creencia de los apostadores según la cual, cuando el premio mayor de l...
En el marco de los Objetivos del Milenio, la falta de provisión de servicios públicos esenciales co...
Una gran cantidad de mercados, como el de varias de las bolsas de valores a nivel global y las centr...
Competitive bidding should be analyzed from two aspects: from the state, wants the proposed c...
This paper analyzes the different papers that are framed in corruption, not only in auctions bu...
[EN] The construction industry is a key sector to maintain stable economic growth, employment and pr...
La actual investigación estudia los procesos de contratación estatal bajo el modelo de licitación pú...