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The effect of quality evaluation and incomplete monitoring on procurement auctions

Research Project

Project/Area Number 17KK0067
Research Category

Fund for the Promotion of Joint International Research (Fostering Joint International Research)

Allocation TypeMulti-year Fund
Research Field Economic policy
Research InstitutionNagoya University

Principal Investigator

Hanazono Makoto  名古屋大学, 経済学研究科, 教授 (60362406)

Project Period (FY) 2018 – 2022
Project Status Completed (Fiscal Year 2022)
Budget Amount *help
¥11,050,000 (Direct Cost: ¥8,500,000、Indirect Cost: ¥2,550,000)
Keywordsprocurement / scoring auctions / 調達入札 / 公共調達 / 質評価 / 資産制約 / モニタリング / 品質評価
Outline of Final Research Achievements

We show that in procurement auctions, providing stronger incentives to exert effort backfires due to incomplete monitoring and fear of bankruptcy: it leads to adverse selection in auctions where financially weaker firms that are more likely to bankrupt tend to win. Moreover the cost efficiency deteriorates as well. We also work on the foundation of scoring auctions and establish a theory and a methodology for structural estimation, allowing general scoring rule and multidimensional type space.

Academic Significance and Societal Importance of the Research Achievements

本研究の社会的意義は、調達入札の制度設計に関する重要な示唆、改善の方向性を与えたことにある。具体的には、事後的な業績評価やそのインセンティブ設計がもたらす問題点・トレードオフ(強いインセンティブが逆選択を招く)を明らかにしたことである。学術的意義としては、本研究により拡張された調達入札のゲーム理論的な基盤整備により、今後の理論的研究の発展や構造推定を通じた実証研究の促進が期待されることを挙げられる。

Report

(6 results)
  • 2022 Annual Research Report   Final Research Report ( PDF )
  • 2021 Research-status Report
  • 2020 Research-status Report
  • 2019 Research-status Report
  • 2018 Research-status Report
  • Research Products

    (14 results)

All 2023 2022 2021 2020 2019 2018

All Int'l Joint Research (1 results) Journal Article (1 results) (of which Open Access: 1 results) Presentation (10 results) (of which Int'l Joint Research: 5 results,  Invited: 5 results) Book (2 results)

  • [Int'l Joint Research] ポンペウファブラ大学(スペイン)2019

    • Year and Date
      2019-08-20
    • Related Report
      2022 Annual Research Report
  • [Journal Article] Pay for Performance in Procurement2023

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, and Makoto Hanazono
    • Journal Title

      ERC Discussion Paper Series

      Volume: E23-3 Pages: 1-38

    • Related Report
      2022 Annual Research Report
    • Open Access
  • [Presentation] Pay for Performance in Procurement2022

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, and Makoto Hanazono
    • Organizer
      Asian Meeting of Econometric Society, 2022 Tokyo
    • Related Report
      2022 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Pay for Performance in Procurement2022

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, and Makoto Hanazono
    • Organizer
      EARIE 2022
    • Related Report
      2022 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Pay for Performance in Procurement2022

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, and Makoto Hanazono
    • Organizer
      CPRC seminar
    • Related Report
      2022 Annual Research Report
    • Invited
  • [Presentation] Pay for Performance in Procurement2022

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, and Makoto Hanazono
    • Organizer
      IO/Labor Workshop at Hitotsubashi University
    • Related Report
      2022 Annual Research Report
    • Invited
  • [Presentation] Pay for Performance in Procurement2022

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, and Makoto Hanazono
    • Organizer
      Contract Theory Workshop
    • Related Report
      2022 Annual Research Report
    • Invited
  • [Presentation] Pay for Performance in Procurement2022

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, Makoto Hanazono
    • Organizer
      Sapporo workshop on industrial economics
    • Related Report
      2021 Research-status Report
    • Invited
  • [Presentation] Pay for Performance in Procurement2021

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, Makoto Hanazono
    • Organizer
      Winpec micro workshop
    • Related Report
      2021 Research-status Report
    • Invited
  • [Presentation] Pay for Performance in Procurement2021

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, Makoto Hanazono
    • Organizer
      Internal Microeconomics Seminar, University Pompeu Fabra
    • Related Report
      2020 Research-status Report
    • Int'l Joint Research
  • [Presentation] Pay for Performance in Procurement2021

    • Author(s)
      Juan-Jose Ganuza, Fernando Gomez, Makoto Hanazono
    • Organizer
      2021Barcelona GSE Summer Forum, Organizational Economics
    • Related Report
      2020 Research-status Report
    • Int'l Joint Research
  • [Presentation] Theory, Identification, and Estimation for Scoring Auctions2018

    • Author(s)
      Makoto Hanazono, Yohsuke Hirose, Jun Nakabayashi, Masanori Tsuruoka
    • Organizer
      1st Japanese German Workshop on Contracts and Incentives
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Book] 「進化するビジネスの実証分析」第15章「公共調達-制度設計とその経済学的評価」2020

    • Author(s)
      花薗誠
    • Total Pages
      9
    • Publisher
      日本評論社
    • Related Report
      2019 Research-status Report
  • [Book] 有斐閣ストゥディア 産業組織とビジネスの経済学2018

    • Author(s)
      花薗 誠
    • Total Pages
      308
    • Publisher
      有斐閣
    • ISBN
      9784641150591
    • Related Report
      2018 Research-status Report

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Published: 2018-01-25   Modified: 2025-01-30  

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