FIRM BIDDING BEHAVIOR IN HIGHWAY PROCUREMENT AUCTIONS: AN ANALYSIS OF SINGLE-BID CONTRACTS, TACIT COLLUSION, AND THE FINANCIAL IMPACT ON KENTUCKY

FIRM BIDDING BEHAVIOR IN HIGHWAY PROCUREMENT AUCTIONS: AN ANALYSIS OF SINGLE-BID CONTRACTS, TACIT COLLUSION, AND THE FINANCIAL IMPACT ON KENTUCKY

Recently, the American Association of State Highway and Transportation Officials (AASHTO) indicated lack of competition and single-bid contracts in asphalt paving as a major issue facing state transportation departments. Single-bid contracts indicate a lack of competition which increases costs to st...

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Bibliographic Details
Main Author: Barrus, David R.
Format: Others
Published: UKnowledge 2011
Subjects:
Tacit collusion
highway procurement auctions
asphalt paving
tit-for-tat bidding strategies
financial impact on Kentucky
Business
Economics
Other Business
Online Access:http://uknowledge.uky.edu/gradschool_diss/191
http://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1196&context=gradschool_diss

Internet

http://uknowledge.uky.edu/gradschool_diss/191
http://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1196&context=gradschool_diss

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