Incumbent and Entrant Bidding in Scoring Rule Auctions: A Study on Italian Canteen Services

Camboni, Riccardo; Valbonesi, Paola

doi:10.1515/bejeap-2019-0146

Cited by 3 publications

(3 citation statements)

References 38 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The first is information-scientific-educational-production environment with a further reduction ISEPE. Then there are indicators of the process block (IPB), indicators of the information quantitative block (IIQB) and indicators of the information quality block (IIQuB) (Camboni & Valbonesi, 2020;Chelley-Steeley et al, 2019).…”

Section: Resultsmentioning

confidence: 99%

Indicators Of The Process Block Of An Innovative Economy

Volkova¹

2022

European Proceedings of Social and Behavioural Sciences

View full text Add to dashboard Cite

To study the effectiveness of the education system, the following indicators were determined. The first is the level of population participation in lifelong education per student who graduated from secondary school. The second is the share of costs per person for all types of retraining, advanced training, vocational training, the share of wages in GDP per person who graduated from secondary school. The third is the ratio of the average gross wages of workers with higher education to the labor productivity index, the number of studies under the age of 39 per person with higher education. A number of indicators of the process block are weakly correlated with each other and therefore all of them should be left for consideration. Although there is a relation of average density among some of indicators, it is most likely nonlinear, and therefore it can change dramatically over time. For a deeper interaction between blocks, one should consider the correlation between block processes, for example, the impact of funding for higher education and employment of the population who received this education, or job in the degree of graduates received secondary vocational education and higher education. In addition, this is the way the process block, namely its indicators, correlates with the rest of the indicators. In the future, it is necessary to calculate the final indicator of the impact of the current education system on the productivity in order to answer the question: under what indicators the system is productive.

show abstract

Section: Resultsmentioning

confidence: 99%

Indicators Of The Process Block Of An Innovative Economy

Volkova¹

2022

European Proceedings of Social and Behavioural Sciences

View full text Add to dashboard Cite

show abstract

“…Hence, it is likely that one of the entrants (the one with the most relevant cost items being incidentally lower than the incumbent's) eventually wins the auction. More recently, Camboni and Valbonesi (2020) found that bid prices offered by incumbents are also frequently higher than the entrants' lowest bid. Paradoxically, this outcome could not be predicted neither from the contract, nor the auction characteristics.…”

Section: Bidding Patterns Of Individual Biddersmentioning

confidence: 99%

Standard Deviation of Bids for Construction Contract Auctions

Ballesteros‐Pérez

Skitmore

Cerezo-Narváez

et al. 2021

J. Constr. Eng. Manage.

View full text Add to dashboard Cite

Previous research has confirmed that the distribution of bids for construction auctions can be 5 reasonably modelled with the Lognormal distribution. The location parameter of this distribution (the 6 mean µ) has been found to have a good linear correlation with the bidders' cost estimates. However, 7 the scale parameter (standard deviation of the bids, σ) remains noticeably difficult to anticipate. 8 By analyzing 13 construction auction datasets, hard evidence is provided that the high 9 variability of σ observed in construction auctions is mostly due to sample size (number of bids per auction). Moreover, we show that the coefficient of variation (σ/µ) of log-transformed bids follows the same χ² distribution in uncapped auctions. This means the σ's population value in similar auctions is nearly proportional to µ provided the bid price is not upper limited. Other findings are that more frequent bidders do not tend to bid lower, but their dispersion is narrower than sporadic bidders.These findings allow the introduction of important simplifications in construction bidding models, especially when access to historical data is limited.

show abstract

“…To achieve the set goal, namely, in order to identify the patterns of interaction between the two blocks, the quantity one, being determined by five indicators (L1 -L5) and the quality one, also being determined by five indicators (L6 -L10), we had to choose out these indicators from the existing statistical ones. For their dimensionlessness, we take their relations rather than the indicators themselves (Camboni & Valbonesi 2020). The employment of the population in the labor force depending on the education received was taken as the basis.…”

Section: Introductionmentioning

confidence: 99%

Indicators Of The Quality Block Of Innovation-Based Economy

Volkova¹

2022

European Proceedings of Social and Behavioural Sciences

View full text Add to dashboard Cite

The given paper considers the quality block with its interrelations as a consequence of the quantity block which determines the financial component for all types of education, beginning from the secondary-level education to higher and vocational secondary education. On the one hand, there has been the share of the employed population with a particular set of education quality in total employment of the population. On the other hand, there has been the proportion of individuals with this quality of the total population in %. There are the polygons of indicators distribution. Using correlation and regression analysis and statistical data processing, we identified the number of consistent patterns that allowed a deeper analysis of the selected indicators. Based on the found dependences of education expenditures and employment in accordance with the specialty in the proportion of individuals with higher and vocational education, an interesting conclusion has been made. In our opinion, in due course, no one will work in his/her degree field. In the modern innovation-based economy, the explanation for this is that professionals in these specialties will not be in demand in seven years, due to the fact that the specialty field is becoming obsolete because of the production modernization, and therefore the state does not allocate funds for training specialists in this field.

show abstract

Incumbent and Entrant Bidding in Scoring Rule Auctions: A Study on Italian Canteen Services

Cited by 3 publications

References 38 publications

Indicators Of The Process Block Of An Innovative Economy

Indicators Of The Process Block Of An Innovative Economy

Standard Deviation of Bids for Construction Contract Auctions

Indicators Of The Quality Block Of Innovation-Based Economy

Contact Info

Product

Resources

About