Collusion detection in public procurement auctions with machine learning algorithms

Collusion detection in public procurement auctions with machine learning algorithms

Collusion is an illegal practice by which some competing companies secretly agree on the prices (bids) they will submit to a future auction. Worldwide, collusion is a pervasive phenomenon in public sector procurement. It undermines the benefits of a competitive marketplace and wastes taxpayers'...

Full description

Bibliographic Details
Main Authors: García Rodríguez, M.J., Rodríguez-Montequín, V., Ballesteros-Pérez, P., Love, Peter, Signor, R.
Format: Journal Article
Language:English
Published: ELSEVIER 2022
Subjects:
Science & Technology
Technology
Construction & Building Technology
Engineering, Civil
Engineering
Auction
Collusion
Contracting
Construction
Machine learning
Procurement
TACIT COLLUSION
MARKETS
BIDS
Online Access:http://hdl.handle.net/20.500.11937/90154

Internet

http://hdl.handle.net/20.500.11937/90154

Similar Items