Bid Preference Programs and Participation in Highway Procurement Auctions
利用加州小企业优惠计划下的高速公路采购拍卖数据，估计企业投标与参与决策模型，发现考虑参与反应会显著改变对优惠政策的评估。
We use data from highway procurement auctions subject to California's Small Business Preference program to study the effect of bid preferences on auction outcomes. Our analysis is based on an estimated model of firms' bidding and participation decisions, which allows us to evaluate the effects of current and alternative policy designs. We show that incorporating participation responses significantly alters the assessment of preferential treatment policies.