Orangia Highways (A, B)

Authors: Eso, Peter; Klibanoff, Peter; Schmedders, Karl; Hunter, Graeme
Source: Harvard Business School Publishing
Year: 2006
Number of pages: 5

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Abstract:

The decision maker is in charge of procurement auctions at the department of transportation of Orangia (a fictitious U.S. state). Students are asked to assist him in estimating the winning bids in various auctions concerning highway repair jobs using data on past auctions. The decision maker is faced with various professional, statistical, and ethical dilemmas.