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Andrea, Guglielmo ; Decio, Coviello ; Giancarlo, Spagnolo ; Giancarlo, Spagnolo. (2015) The Effect of Discretion on Procurement Performance.
In: CEIS Research Paper. RePEc:rtv:ceisrp:361.
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Figure 4: Discontinuity Test of Auctions Reserve Price Around the Threshold 0 .2 .4 .6 .8 −2 −1 0 1 2 Dist. from the discontinuity, in 100000 euro Notes: The running variable is the difference between the reserve price and the 300,000 euro threshold (vertical line). Circles are average observed values, the bold solid line is a kernel estimate (see McCrary, 2008), and the two thin lines are 95% confidence intervals.
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