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| Tekijä: | Ungern-Sternberg, T. von |
| Otsikko: | Quality incentives in auctions for construction contracts |
| Lehti: | International Journal of Industrial Organization
1994 : MAR, VOL. 12:1, p. 89-104 |
| Asiasana: | QUALITY INCENTIVES AUCTIONS |
| Kieli: | eng |
| Tiivistelmä: | Construction projects are frequently awarded on the basis of auctions. The winning project is selected not only on the basis of price, but also a variety of quality characteristics. Coming up with a high-quality project may require (substantial) up-front investments. This paper studies the relative weight the auctioneer should attach to quality when selecting the winning project. As a result it may be quite difficult to detect favouritism in the process of selecting the winner. |
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