scholarly journals The Impact of Public Information on Bidding in Highway Procurement Auctions

2007 ◽  
Author(s):  
Dakshina G. De Silva ◽  
Timothy Dunne ◽  
Anuruddha Kankanamge ◽  
Georgia Kosmopoulou
Keyword(s):  
Public Information ◽  
Procurement Auctions ◽  
The Impact ◽  
Highway Procurement Auctions ◽  
Highway Procurement

scholarly journals The impact of public information on bidding in highway procurement auctions

2008 ◽  
Vol 52 (1) ◽  
pp. 150-181 ◽  
Author(s):  
Dakshina G. De Silva ◽  
Timothy Dunne ◽  
Anuruddha Kankanamge ◽  
Georgia Kosmopoulou
Keyword(s):  
Public Information ◽  
Procurement Auctions ◽  
The Impact ◽  
Highway Procurement Auctions ◽  
Highway Procurement

scholarly journals Bid Preference Programs and Participation in Highway Procurement Auctions

2011 ◽  
Vol 101 (6) ◽  
pp. 2653-2686 ◽  
Author(s):  
Elena Krasnokutskaya ◽  
Katja Seim
Keyword(s):  
Small Business ◽  
Procurement Auctions ◽  
Preferential Treatment ◽  
Alternative Policy ◽  
Participation Decisions ◽  
Treatment Policies ◽  
Highway Procurement Auctions ◽  
Highway Procurement

We use data from highway procurement auctions subject to California's Small Business Preference program to study the effect of bid preferences on auction outcomes. Our analysis is based on an estimated model of firms' bidding and participation decisions, which allows us to evaluate the effects of current and alternative policy designs. We show that incorporating participation responses significantly alters the assessment of preferential treatment policies. (JEL D44, H76, R42)

The Film World’s Cooperative Store: Institutions and Films of the 1930s and 1940s

2018 ◽  
Author(s):  
C. Claire Thomson
Keyword(s):  
World War Ii ◽  
Meat Products ◽  
Public Information ◽  
Early History ◽  
World War ◽  
International Context ◽  
German Occupation ◽  
History Of ◽  
The Uk ◽  
The Impact

This chapter traces the early history of state-sponsored informational filmmaking in Denmark, emphasising its organisation as a ‘cooperative’ of organisations and government agencies. After an account of the establishment and early development of the agency Dansk Kulturfilm in the 1930s, the chapter considers two of its earliest productions, both process films documenting the manufacture of bricks and meat products. The broader context of documentary in Denmark is fleshed out with an account of the production and reception of Poul Henningsen’s seminal film Danmark (1935), and the international context is accounted for with an overview of the development of state-supported filmmaking in the UK, Italy and Germany. Developments in the funding and output of Dansk Kulturfilm up to World War II are outlined, followed by an account of the impact of the German Occupation of Denmark on domestic informational film. The establishment of the Danish Government Film Committee or Ministeriernes Filmudvalg kick-started aprofessionalisation of state-sponsored filmmaking, and two wartime public information films are briefly analysed as examples of its early output. The chapter concludes with an account of the relations between the Danish Resistance and an emerging generation of documentarists.

News and Idiosyncratic Volatility: The Public Information Processing Hypothesis*

2020 ◽  
Author(s):  
Robert F Engle ◽  
Martin Klint Hansen ◽  
Ahmet K Karagozoglu ◽  
Asger Lunde
Keyword(s):  
Information Processing ◽  
Public Information ◽  
Selection Procedure ◽  
Autoregressive Process ◽  
Return Volatility ◽  
Market Outcomes ◽  
The Public ◽  
Additional Information ◽  
Financial News ◽  
The Impact

Abstract Motivated by the recent availability of extensive electronic news databases and advent of new empirical methods, there has been renewed interest in investigating the impact of financial news on market outcomes for individual stocks. We develop the information processing hypothesis of return volatility to investigate the relation between firm-specific news and volatility. We propose a novel dynamic econometric specification and test it using time series regressions employing a machine learning model selection procedure. Our empirical results are based on a comprehensive dataset comprised of more than 3 million news items for a sample of 28 large U.S. companies. Our proposed econometric specification for firm-specific return volatility is a simple mixture model with two components: public information and private processing of public information. The public information processing component is defined by the contemporaneous relation with public information and volatility, while the private processing of public information component is specified as a general autoregressive process corresponding to the sequential price discovery mechanism of investors as additional information, previously not publicly available, is generated and incorporated into prices. Our results show that changes in return volatility are related to public information arrival and that including indicators of public information arrival explains on average 26% (9–65%) of changes in firm-specific return volatility.

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