Construction Bidding and the Winner’s Curse: Game Theory Approach

Author:

Ahmed Muaz O.1,El-adaway Islam H.2,Coatney Kalyn T.3,Eid Mohamed S.4

Affiliation:

1. M.Sc. Student, Dept. of Civil and Environmental Engineering, Mississippi State Univ., 501 Hardy Rd., 235 Walker Engineering Bldg., Mississippi State, MS 39762.

2. Associate Professor and Construction Engineering and Management Program Coordinator, Dept. of Civil and Environmental Engineering, Univ. of Tennessee, 851 Neyland Dr., 417 John D. Tickle Bldg., Knoxville, TN 37996 (corresponding author).

3. Associate Professor, Dept. of Agricultural Economics, Mississippi State Univ., 255 Tracy Dr., 102 Lloyd-Ricks Watson Bldg., Mississippi State, MS 39762.

4. Ph.D. Candidate, Dept. of Civil and Environmental Engineering, Univ. of Tennessee, 851 Neyland Dr., 324 John D. Tickle Bldg., Knoxville, TN 37996.

Publisher

American Society of Civil Engineers (ASCE)

Subject

Strategy and Management,Industrial relations,Building and Construction,Civil and Structural Engineering

Reference35 articles.

1. Questionnaire Survey on Bidding in Construction

2. Asgari M. S. and Afshar A. (2008). “Modeling subcontractors cooperation in time; Cooperative game theory approach.” 1st Int. Conf. on Construction in Developing Countries (ICCIDC-I) Advancing and Integrating Construction Education Research & Practice Karachi Pakistan.

3. Ashenfelter O. and Genesore D. (1992). “Testing for price anomalies in real estate auctions.” American Economic Review: Papers and Proc. Vol. 82 Pittsburgh PA 501–505.

4. Bagies A. and Fortune C. (2006). “Bid/ no-bid decision modelling for construction projects.” 22nd Annual ARCOM Conf. Association of Researchers in Construction Management Nottingham U.K. 511–521.

5. Competitive Bidding in High-Risk Situations

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