Collusion detection in public procurement auctions with machine learning algorithms

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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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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

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