Start of Main Content
Case
Orangia Highways (A)
Author(s)
The decision maker is in charge of procurement auctions at the department of transportation of Orangia (a fictitious U.S. state). Students are asked to assist him in estimating the winning bids in various auctions concerning highway repair jobs using data on past auctions. The decision maker is faced with various professional, statistical, and ethical dilemmas.
Date Published:
01/01/2006
Discipline:
Economics;Operations;Statistical Methods;Strategy
Key Concepts:
Linear Regression, Logarithmic Regression, Omitted Variable Bias, Logit Regression, Bidding in Auctions
Citations:
Schmedders, Karl, Peter Eso, Peter Klibanoff, Graeme Hunter. Orangia Highways (A). 5-106-007(A) (KEL185).
