Empirical and experimental analyses on procurement auctions with pre-award subcontracting

• Project/Area Number: 22730186
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Applied economics
• Research Institution: Osaka University (2011-2012); University of Tsukuba (2010)
• Principal Investigator: NAKABAYASHI Jun 大阪大学, 社会経済研究所, 講師 (30565792)
• Project Period (FY): 2010 – 2012
• Project Status: Completed (Fiscal Year 2012)
• Budget Amount: ¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000); Fiscal Year 2012: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000); Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2010: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
• Keywords: 産業組織論 / 調達入札 / 被験者実験 / 元請下請関係 / 元請・下請関係 / オークション / 収入等価定理 / リスク許容度

Research Abstract

To be the lowest bidders in procurement auctions, contractors commonly solicit subcontract bids at the bid preparation stage.In this research, we test the theory of subcontract bid auctions with structural estimation procedure on auction data and conduct laboratory experiments.

Research Products

• [Journal Article] An experimental study of bidding behavior in procurement auctions with subcontract bids: Profits, efficiency (2011)
  • Author(s): Naoki Watanabe and Jun Nakabayashi, and policy implications
  • Journal Title: SICE Annual Conference (SICE)
• [Journal Article] An experimental study of bidding behavior in procurement auctions with subcontract bids: Profits, efficiency, and policy implications (2011)
  • Author(s): 中林 純（Naoki Watanabe）
  • Journal Title: SICE Annual Conference (SICE), 2011 Proceedings of Volume: 2011 Pages: 1202-1207
  • Peer Reviewed
• [Journal Article] Procurement Auctions with Pre-award Subcontracting, An Experiment (2010)
  • Author(s): Jun Nakabayashi and Naoki Watanabe
  • Journal Title: Tsukuba Economics Working Papers 2010-009
• [Journal Article] An Experimental Study of Bidding Behavior in Subcontract Auctions (2010)
  • Author(s): Jun Nakabayashi, Naoki Watanabe
  • Journal Title: Tsukuba Economics Working Papers Volume: 2010-009 Pages: 1-28
• [Presentation] Procurement Auctions with Pre-award Subcontracting (2011)
  • Organizer: International Industrial Organization Conference
  • Place of Presentation: Boston, United States
• [Presentation] Procurement Auctions with Pre-award Subcontracting (2011)
  • Author(s): 中林 純
  • Organizer: International Industrial Organization Conference 2011
  • Place of Presentation: 米国
• [Presentation] Procurement Auctions with Pre-award Subcontracting (2010)
  • Author(s): Jun Nakabayashi
  • Organizer: 10th SAET CONFERENCE
  • Place of Presentation: Grand Copthorne Waterfront Hotel, Singapore
  • Year and Date: 2010-08-15
• [Presentation] Procurement Auctions with Pre-award Subcontracting : An experimental analysis (2010)
  • Author(s): 中林純
  • Organizer: Multidisciplinary Decision Science Symposium
  • Place of Presentation: Meritus Mandarin Hotel, Singapore
  • Year and Date: 2010-08-13
• [Presentation] Procurement Auctions with Pre-award Subcontracting (2010)
  • Author(s): 中林純
  • Organizer: 日本経済学会
  • Place of Presentation: 千葉大学
  • Year and Date: 2010-06-05
• [Presentation] An Experimental Study of Bidding Behavior in Subcontract Auctions (2010)
  • Organizer: 日本経済学会
• [Presentation] Procurement Auctions with Pre-award Subcontracting (2010)
  • Organizer: SAET2010 conference
• [Presentation] Procurement Auctions with Pre-award Subcontracting (2010)
  • Organizer: 日本 経済学会