On competitive bidding: Scoring and position probability graphs

On competitive bidding: scoring and position probability graphs

Iso-Score Curves Graph (iSCG) and mathematical relationships between Scoring Parameters (SP) and Forecasting Parameters (FP) can be used in Economic Scoring Formulas (ESF) used in tendering to distribute the score among bidders in the economic part of a proposal. Each contracting authority must set an ESF when publishing tender specifications and the strategy of each bidder will differ dependin...

How competitive is competitive bidding?

Sex Hormones and Competitive Bidding

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover, females on hormonal contraceptives bid significantly higher and earn significantly lower profits than males...

Menstrual cycle and competitive bidding

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we collected information on the female participants’ menstrual cycles. We find that women bid significantly higher than men in their menstrual and premenstrual phase but do not bid significantly different in other phases of the menstrual cycle. We suggest an evolutionary hypothesis accor...

On the competitive effects of bidding syndicates∗

Firms commonly form syndicates to bid jointly for financial assets. Recently, this practice has come under legal scrutiny motivated by models which suggest syndicates may be anticompetitive. These models do not account for two important features of financial markets: bidders’ value estimates are likely to be correlated with each other, and complicated mechanisms known to be optimal in such sett...