{"title":"价格对日本公共建设质量的影响","authors":"Kentaro Hatsumi , Rieko Ishii","doi":"10.1016/j.japwor.2022.101134","DOIUrl":null,"url":null,"abstract":"<div><p>We examine whether the price affects the contractor’s choice of quality using the ex-post quality evaluation data of public construction projects conducted by Ise City in Japan. Ise City employs a sealed-bid first-price auction with reserve and minimal prices in the selection of contractors. Upon completion of the project, Ise City evaluates the quality of the work using a 100-point scale score based on items such as administration, safety, time management, external appearance, and functionality. Our results show that the winning price in the auction does not affect the quality of the work. We discuss several reasons behind this finding.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"62 ","pages":"Article 101134"},"PeriodicalIF":1.3000,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"The effect of price on the quality of public construction in Japan\",\"authors\":\"Kentaro Hatsumi , Rieko Ishii\",\"doi\":\"10.1016/j.japwor.2022.101134\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>We examine whether the price affects the contractor’s choice of quality using the ex-post quality evaluation data of public construction projects conducted by Ise City in Japan. Ise City employs a sealed-bid first-price auction with reserve and minimal prices in the selection of contractors. Upon completion of the project, Ise City evaluates the quality of the work using a 100-point scale score based on items such as administration, safety, time management, external appearance, and functionality. Our results show that the winning price in the auction does not affect the quality of the work. We discuss several reasons behind this finding.</p></div>\",\"PeriodicalId\":46744,\"journal\":{\"name\":\"Japan and the World Economy\",\"volume\":\"62 \",\"pages\":\"Article 101134\"},\"PeriodicalIF\":1.3000,\"publicationDate\":\"2022-06-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Japan and the World Economy\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0922142522000196\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Japan and the World Economy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0922142522000196","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
The effect of price on the quality of public construction in Japan
We examine whether the price affects the contractor’s choice of quality using the ex-post quality evaluation data of public construction projects conducted by Ise City in Japan. Ise City employs a sealed-bid first-price auction with reserve and minimal prices in the selection of contractors. Upon completion of the project, Ise City evaluates the quality of the work using a 100-point scale score based on items such as administration, safety, time management, external appearance, and functionality. Our results show that the winning price in the auction does not affect the quality of the work. We discuss several reasons behind this finding.
期刊介绍：
The increase in Japan share of international trade and financial transactions has had a major impact on the world economy in general and on the U.S. economy in particular. The new economic interdependence between Japan and its trading partners created a variety of problems and so raised many issues that require further study. Japan and the World Economy will publish original research in economics, finance, managerial sciences, and marketing that express these concerns.
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