Strategic design under uncertain evaluations: structural analysis of design‐build auctions.

Abstract: I investigate firms' competition over price and product design under uncertain design evaluations in the context of Design‐Build (DB) auctions. Reviewers' design evaluations contain uncertainty from a bidder's perspective, leading luck to dampen differences in the firms' chances of winning...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 3; pp. 594 - 619
Main Author:	Takahashi, Hidenori
Format:	Article
Published:	Wiley-Blackwell Fall2018
Subjects:	Economic competition Design & build contracts Structural analysis (Engineering) Auctions Product design Pricing Bidders
Online Access:	View this record in EBSCOhost