Case Detail

Case Summary

Key Concepts

Linear Regression, Logarithmic Regression, Omitted Variable Bias, Logit Regression, Bidding in Auctions

Abstract

In Case (B) models for computing optimal bids in highway procurement auctions are developed from the perspective of the bidders.

Number of Pages: 4

Extended Case Information

Teaching Areas: Economics, Operations, Strategy, Statistical Methods

Teaching Note Available: Yes

Geographic: US

Industry: Government

Organization Name: Orangia Department of Transportation

Organization Department: Contracts Department

Organization Size: Medium

Decision Maker Position: Department Head

Decision Maker Gender: Male

Year of Case: 2006