Despite infrastructure's importance to the US economy, evidence on its cost trajectory over
time is sparse. We document real spending per new mile over the history of the Interstate …

We estimate valuations of time using detailed consumer choice data from a large European
ride hail platform, where drivers bid on trips and consumers choose between a set of …

We study the effects of intensifying competition for contracts in the context of US Defense
procurement. Conceptually, opening contracts up to bids by more participants leads to lower …

This paper summarizes economic research on investment in public infrastructure and
introduces the findings of several new studies on this topic. It begins with a review of several …

This paper provides a nonparametric identification result for procurement models with
asymmetric bidders, dependent private information, and interdependent costs. For risk …

In this paper, we conduct a structural analysis of multi-attribute auctions of contracts with a
general allocation rule when private information is multidimensional. Upon modeling …

The empirical analysis of auction data has become a thriving field of research over the past
thirty years. Relying on sophisticated models and advanced econometric methods, it …

Auctions are inherently risky: bidders face uncertainty about their prospects of winning and
payments, while sellers are unsure about revenue and chances of a successful sale. Auction …

Procurement projects often involve substantial uncertainty in inputs at the time of contracting.
Whether the procurer or contractor assumes such risk depends on the specific contractual …

We introduce risk-averse bidders in a security-bid auction to analyze how the security
design affects bidders' equilibrium behavior and, as a result, the revenue and efficiency of …