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Export Reference (APA) 
Greve, T. (2023). Auctions with In-house Bids. Portuguese Economic Meeting.
Export Reference (IEEE) 
T. Greve,  "Auctions with In-house Bids", in Portuguese Economic Meeting, Braga, 2023
Export BibTeX 
@misc{greve2023_1716039577994,
	author = "Greve, T.",
	title = "Auctions with In-house Bids",
	year = "2023",
	url = "https://pej2023.com/"
}
Export RIS 
TY  - CPAPER
TI  - Auctions with In-house Bids
T2  - Portuguese Economic Meeting
AU  - Greve, T.
PY  - 2023
CY  - Braga
UR  - https://pej2023.com/
AB  - The US government was front-runner in the employment of in-house bidding in public procurement tenders, known as A-76 competitions. In 2009, this type of competitions was prohibited due to a number of concerns, including uncertainty with regard to cost savings. We study a tender where an in-house unit competes with external private bidders. In equilibrium, the in-house bidder bids its true competitive cost, generating cost savings for the government (/buyer). Under a scenario of information revelation regarding the competing bids to the in-house bidder, the equilibrium strategy of the in-house bidder remains unchanged, and so this information does not translate into an advantage for the in-house bidder, or the buyer. Under a collusion scenario, the in-house bid serves as an upper bound to the collusive bid, lowering its value (reaching a bounded collusion effect).
ER  -