A PYMNTS Company

Economic Approaches to Fight Bid Rigging

By  |  January 22, 2013

Posted by D. Daniel Sokol

Kai Huschelrath (ZEW) provides Economic Approaches to Fight Bid Rigging

ABSTRACT: Under competition law, bid rigging refers to a form of price fixing in tender procedures. It can be detected with quantitative techniques identifying suspicious behavioral patterns. Detection of bid rigging can profit from the identification of various suspicious behavioral patterns supported by an application of quantitative techniques.