Skip to main content
About HEC About HEC
Summer School Summer School
Faculty & Research Faculty & Research
Master’s programs Master’s programs
Bachelor Programs Bachelor Programs
MBA Programs MBA Programs
PhD Program PhD Program
Executive Education Executive Education
HEC Online HEC Online
About HEC
Overview Overview
Who
We Are
Who
We Are
Egalité des chances Egalité des chances
HEC Talents HEC Talents
International International
Campus
Life
Campus
Life
Sustainability Sustainability
Diversity
& Inclusion
Diversity
& Inclusion
Stories Stories
The HEC
Foundation
The HEC
Foundation
Summer School
Youth Programs Youth Programs
Summer programs Summer programs
Online Programs Online Programs
Faculty & Research
Overview Overview
Faculty Directory Faculty Directory
Departments Departments
Centers Centers
Chairs Chairs
Grants Grants
Knowledge@HEC Knowledge@HEC
Master’s programs
Master in
Management
Master in
Management
Master's
Programs
Master's
Programs
Double Degree
Programs
Double Degree
Programs
Bachelor
Programs
Bachelor
Programs
Summer
Programs
Summer
Programs
Exchange
students
Exchange
students
Student
Life
Student
Life
Our
Difference
Our
Difference
Bachelor Programs
Overview Overview
Course content Course content
Admissions Admissions
Fees and Financing Fees and Financing
MBA Programs
MBA MBA
Executive MBA Executive MBA
TRIUM EMBA TRIUM EMBA
PhD Program
Overview Overview
HEC Difference HEC Difference
Program details Program details
Research areas Research areas
HEC Community HEC Community
Placement Placement
Job Market Job Market
Admissions Admissions
Financing Financing
Executive Education
Home Home
About us About us
Management topics Management topics
Open Programs Open Programs
Custom Programs Custom Programs
Events/News Events/News
Contacts Contacts
HEC Online
Overview Overview
Degree Program Degree Program
Executive certificates Executive certificates
MOOCs MOOCs
Summer Programs Summer Programs
Youth programs Youth programs
Faculty & Research

Seminar

14 Mar
2024
2:00 pm
Jouy-en-Josas
English

Participate

Add to Calendar
2024-03-14T14:00:00 2024-03-14T15:15:00 Kamikazes in Public Procurements-Alminas Zaldokas (HKUST) Department: Finance Speaker: Alminas Zaldokas (HKUST) Room: T020 Jouy-en-Josas

Department: Finance

Speaker: Alminas Zaldokas (HKUST)

Room: T020

Abstract

Using detailed public procurement data from 15 million item purchases in Brazil span-
ning 2005-2021, our analysis uncovers a prevalent bid-rigging pattern: the lowest bid-
der, referred to as ‘kamikaze’, typically withdraws after the auction concludes, paving
the way for the second-lowest bid to emerge as the winner. This pattern is observed
in up to 22% of procurement auctions and results in 17% higher procurement prices.
Kamikaze and winning firms are more likely to share owners, suggesting collusion.
This bid-rigging behavior correlates with negative outcomes, such as increased mortal-
ity rates in public hospitals and more road accidents following road service contracts.

Participate

Add to Calendar
2024-03-14T14:00:00 2024-03-14T15:15:00 Kamikazes in Public Procurements-Alminas Zaldokas (HKUST) Department: Finance Speaker: Alminas Zaldokas (HKUST) Room: T020 Jouy-en-Josas