Workshop on Public Procurement and Concession Design: Theory and Applications



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Workshop on Public Procurement and oncession Design: Theory and Applications Hosted by Sao Paulo School of Economics Sponsored by EESP- GV Market Design Projetos IPEA APES FAPESP ESAF Sao Paulo, March 21-22, 2014 Program Friday, March 21, 2014 8.30 9.00 Registration and Welcome offee Welcoming Remarks Session 1: Transaction osts and Renegotiation in Procurement Leandro Arozamena (Universidad Torcuato Di Tella) 9.00-9.50 Strategic Bidding and ontract Renegotiation Hojin Jung (University of Oklahoma), *Georgia Kosmopoulou (National Science Foundation and the University of Oklahoma), arlos Lamarche (University of Kentucky,) and Richard Sicotte(University of Vermont,) Paola Valbonesi (University of Padova) 9.50-10.40 Bid Distribution and Transaction osts *Mats A. Bergman (Södertörn University ollege) and Johan Y. Stake (Södertörn University) Eshien hong (Sorbonne Business School) 10.40-11:00 offee break Session 2: Regulation and PPP Enlinson Mattos (Sao Paulo School of Economics) 11.00-11.50 Knowledge Spillovers in ost-reduction Incentives Luis Aguiar (Institute for Prospective Technological Studies (IPTS) and Universidad arlos III de Madrid.) and *Philippe Gagnepain (Paris School of Economics-Université Paris 1 and EPR) Timothy P. Hubbard (olby ollege) 2

11.50-12.40 Is there a PPP interest Rate Premium? Eduardo Engel (Yale University and Universidad de hile), *Ronald Fischer (Universidad de hile) and Alexander Galetovic (Universidad de los Andes) Stephane Straub (Toulouse School of Economics) 12.40-14:10 Lunch Venue: Wall Street Suites Rua Itapeva, 636 São Paulo Session 3: Procurement and Auctions Daniel Monte (Sao Paulo School of Economics) 14.10-15.00 Repeated Procurement and Regulation under Imperfect Observability: The Dynamics of Incentive ontracts Revisited *Thomas Jeitschko (Michigan State University) Roberto Burguet (Institute for Economic Analysis (SI) and Barcelona GSE) 15.00-15.50 Sequential Procurement Auctions and Their Effect on Investment Decisions Gonzalo isternas (Princeton University) and *Nicolás Figueroa (Universidad de hile) Malin Arve (University of Mannheim) 15.50-16.40 Relational ontract and ompetitive Screening Giacomo alzolari (University of Bologna,) and *Giancarlo Spagnolo (SITE-Stockholm, U. Rome Tor Vergata, EPR) Ariane Lambert-Mogiliansky (Paris School of Economics) 16.40-17:00 offee break Keynote: Keynote Lecture: David Martimort Stephane Straub (Toulouse School of Economics) 17.00-18.00 A Theory of ontracts with Limited Enforcement *David Martimort (Paris School of Economics-EHESS), Aggey Semenov (University of Ottawa) and Lars Stole (University of hicago Booth School of Business) 19.30-23.00 onference Dinner Venue: Restaurante apim Santo Alameda Min. Rocha Azevedo, 471 - erqueira ésar São Paulo, SP Bus departures from Wall Street Suites Hotel at 19.00 to Restaurante apim Santo 3

Saturday, March 22, 2014 9.00 9.30 Welcome offee Session 4: Policy Evaluation Paulo Furquim de Azevedo (Sao Paulo School of Economics) 9.30-10.20 Highway Procurement and the Stimulus Package: Identification and Estimation of Dynamic Auctions with Unobserved Heterogeneity *Jorge Balat (Johns Hopkins University) Leonardo Rezende (PU-Rio) 10.20-11.10 Efficacy of a Bidder Training Program: Lessons from LIN 11.10-11:30 offee break Session 5: Dakshina de Silva (Lancaster University), *Timothy Hubbard (olby ollege) and Georgia Kosmopoulou (National Science Foundation and the University of Oklahoma) Fabio Miessi (University of Sao Paulo) Procurement ontracting Strategies Braz amargo (Sao Paulo School of Economics) 11.30-12.20 The Role of Reputation when Awarding ontracts: Empirical Evidence from a Vendor Rating System *Francesco Decarolis (Boston University), Riccardo Pacini(U. Rome Tor Vergata ) and Giancarlo Spagnolo (SITE-Stockholm, U. Rome Tor Vergata, EPR) laudio Lucinda (University of Sao Paulo) 12.20-13.10 Government Spending and Job reation in the Highway onstruction Industry: Evidence from Texas *Dakshina de Silva (Lancaster University) and Viplav Saini (Oberlin ollege) Georgia Kosmopoulou (National Science Foundation and the University of Oklahoma) 13.10-14:30 Lunch Session 6: Venue: Wall Street Suites Rua Itapeva, 636 São Paulo Auction Theory Marian Moszoro (Berkeley-Haas and Kozminski University) 14.30-15.20 Optimal Information Disclosure in License Auctions for Process Innovations in ournot Oligopoly uihong Fan (Shanghai University of Finance and Economics), Byoung Heon Jun (Korea University), and *Elmar Wolfstetter (Humboldt-University) Emmanuelle Auriol (Toulouse School of Economics) 4

15.20-16.10 Bayesian and Dominant Strategy Mechanisms in Multidimensional Independent Private-Values Models *Alejandro Manelli (Arizona State University) and Daniel R. Vincent (University of Maryland) Humberto Moreira (Graduate School of Economics ) 16.10-17.00 Favoritism and Anonymity in Auctions Leandro Arozamena (Universidad Torcuato Di Tella) and *Federico Weinschelbaum (Universidad de San Andrés) Juan-José Ganuza (Universitat Pompeu Fabra) 18.30-20.30 Farewell ocktail Venue: Wall Street Suites Rua Itapeva, 636 São Paulo Asterisk (*) and bold name indicate the presenter Keynote speakers have 60 minutes to present. Speakers have will have 50 minutes; including 40 minutes for presentation, 7 minutes for discussion, and 3 minutes for general discussion and questions. Local Organizers: Klenio Barbosa, Eduardo Fiuza, Lucia Helena Salgado Scientific ommittee: Gian Luigi Albano (Head of Research Department, onsip) Leandro Arozamena (Universidad Torcuato Di Tella) Klenio Barbosa (Sao Paulo School of Economics - ) Roberto Burguet (Institute for Economic Analysis (SI) and Barcelona GSE) Decio oviello (HE Montreal) Dakshina de Silva (Lancaster University) laudio Ferraz (PU-Rio) Humberto Moreira (Graduate School of Economics ) Leonardo Rezende (PU-Rio) Giancarlo Spagnolo (SITE-Stockholm, U. Rome Tor Vergata, EPR) Stephane Straub (Toulouse School of Economics) onference Venue: Sao Paulo: Getulio Vargas Foundation () Rua Itapeva, 474 São Paulo SP BRAZIL 5

Workshop on Public Procurement and oncession Design: Theory and Applications Workshop Participants Name Affiliation Email Role Leandro Arozamena Universidad Torcuato Di Tella larozamena@utdt.edu Malin Arve University of Mannheim marve@mail.uni-mannheim.de D Emmanuelle Auriol Toulouse School of Economics emmanuelle.auriol@tse-fr.eu D Paulo Furquim de Azevedo Sao Paulo School of Economics - paulo.azevedo@fgv.br Jorge Balat Johns Hopkins University jorge.balat@jhu.edu P Klenio Barbosa Sao Paulo School of Economics - klenio.barbosa@fgv.br Mats Bergman Södertörn University ollege mats.bergman@sh.se P Roberto Burguet Institute for Economic Analysis (SI) and Barcelona GSE Braz amargo Sao Paulo School of Economics - roberto.burguet@iae.csic.es braz.camargo@fgv.br Eshien hong Sorbonne Business School chong.iae@univ-paris1.fr D Francesco Decarolis Boston University fdc@bu.edu P, Dakshina de Silva Lancaster University d.desilva@lancaster.ac.uk P, Nicolás Figueroa Universidad de hile nicolasf@dii.uchile.cl P Ronald Fischer Universidad de hile rfischerb@gmail.com P Eduardo Fiuza IPEA eduardo.fiuza@ipea.gov.br O Juan-José Ganuza Universitat Pompeu Fabra juanjo.ganuza@upf.edu D Philippe Gagnepain Paris School of Economics-Université Paris 1 and EPR philippe.gagnepain@univparis1.fr Timothy Hubbard olby ollege timothy.hubbard@colby.edu P,D Thomas Jeitschko Michigan State University jeitschk@msu.edu P Georgia Kosmopoulou National Science Foundation and the University of Oklahoma georgiak@ou.edu Ariane Lambert-Mogiliansky Paris School of Economics alambert@pse.ens.fr D laudio Lucinda University of Sao Paulo claudiolucinda@fearp.usp.br D Alejandro Manelli Arizona State University ale@asu.edu P David Martimort Paris School of Economics-EHESS david.martimort @parisschoolofeconomics.eu Enlinson Mattos Sao Paulo School of Economics - enlinson.mattos@fgv.br Fabio Miessi University of Sao Paulo fmiessi@gmail.com D Daniel Monte Sao Paulo School of Economics - daniel.monte@fgv.br, O D P P, D K 6

Humberto Moreira Graduate School of Economics - Marian Moszoro Berkeley-Haas and Kozminski University humberto@fgv.br mmoszoro@berkeley.edu Leonardo Rezende PU-Rio lrezende@econ.puc-rio.br D Stephane Straub Toulouse School of Economics stephane.straub@ut-capitole.fr D, Giancarlo Spagnolo SITE-Stockholm, U. Rome Tor Vergata, EPR) giancarlo.spagnolo@hhs.se Lucia Helena Salgado IPEA lucia.salgado@ipea.gov.br O Paola Valbonesi University of Padova paola.valbonesi@unipd.it D Federico Weinschelbaum Universidad de San Andrés fweinsch@udesa.edu.ar P Elmar Wolfstetter Humboldt-University wolfstetter@gmail.com P D D P = paper presenter D = discussant = session chair K= keynote speaker O=local organizer 7