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'...

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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:
Online Access:http://hdl.handle.net/20.500.11937/90154
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author García Rodríguez, M.J.
Rodríguez-Montequín, V.
Ballesteros-Pérez, P.
Love, Peter
Signor, R.
author_facet García Rodríguez, M.J.
Rodríguez-Montequín, V.
Ballesteros-Pérez, P.
Love, Peter
Signor, R.
author_sort García Rodríguez, M.J.
building Curtin Institutional Repository
collection Online Access
description 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' money. More often than not, contracting authorities cannot identify non-competitive bids and frequently award contracts at higher prices than they would have in collusion's absence. This paper tests the accuracy of eleven Machine Learning (ML) algorithms for detecting collusion using collusive datasets obtained from Brazil, Italy, Japan, Switzerland and the United States. While the use of ML in public procurement remains largely unexplored, its potential use to identify collusion are promising. ML algorithms are quite information-intensive (they need a substantial number of historical auctions to be calibrated), but they are also highly flexible tools, producing reasonable detection rates even with a minimal amount of information.
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institution Curtin University Malaysia
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spelling curtin-20.500.11937-901542023-02-14T03:54:16Z Collusion detection in public procurement auctions with machine learning algorithms García Rodríguez, M.J. Rodríguez-Montequín, V. Ballesteros-Pérez, P. Love, Peter Signor, R. Science & Technology Technology Construction & Building Technology Engineering, Civil Engineering Auction Collusion Contracting Construction Machine learning Procurement TACIT COLLUSION MARKETS BIDS 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' money. More often than not, contracting authorities cannot identify non-competitive bids and frequently award contracts at higher prices than they would have in collusion's absence. This paper tests the accuracy of eleven Machine Learning (ML) algorithms for detecting collusion using collusive datasets obtained from Brazil, Italy, Japan, Switzerland and the United States. While the use of ML in public procurement remains largely unexplored, its potential use to identify collusion are promising. ML algorithms are quite information-intensive (they need a substantial number of historical auctions to be calibrated), but they are also highly flexible tools, producing reasonable detection rates even with a minimal amount of information. 2022 Journal Article http://hdl.handle.net/20.500.11937/90154 10.1016/j.autcon.2021.104047 English http://creativecommons.org/licenses/by-nc-nd/4.0/ ELSEVIER fulltext
spellingShingle Science & Technology
Technology
Construction & Building Technology
Engineering, Civil
Engineering
Auction
Collusion
Contracting
Construction
Machine learning
Procurement
TACIT COLLUSION
MARKETS
BIDS
García Rodríguez, M.J.
Rodríguez-Montequín, V.
Ballesteros-Pérez, P.
Love, Peter
Signor, R.
Collusion detection in public procurement auctions with machine learning algorithms
title Collusion detection in public procurement auctions with machine learning algorithms
title_full Collusion detection in public procurement auctions with machine learning algorithms
title_fullStr Collusion detection in public procurement auctions with machine learning algorithms
title_full_unstemmed Collusion detection in public procurement auctions with machine learning algorithms
title_short Collusion detection in public procurement auctions with machine learning algorithms
title_sort collusion detection in public procurement auctions with machine learning algorithms
topic Science & Technology
Technology
Construction & Building Technology
Engineering, Civil
Engineering
Auction
Collusion
Contracting
Construction
Machine learning
Procurement
TACIT COLLUSION
MARKETS
BIDS
url http://hdl.handle.net/20.500.11937/90154