Construction bidding and the winners curse

<p>In the construction industry, the winners curse occurs when the winning contractor has underestimated the projects true cost. Using a game and auction theory approach, this study aims to analyze - and potentially reduce - industry exposure to the effects of the winner's curse in constr...

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Bibliographic Details
Main Author: Ahmed, Muaz
Other Authors: Dennis D. Truax
Format: Others
Language:en
Published: MSSTATE 2015
Subjects:
Online Access:http://sun.library.msstate.edu/ETD-db/theses/available/etd-03252015-173319/