Procurement Auctions with General Price-Quality Evaluation
Procurement Auctions with General Price-Quality Evaluation
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发表时间:
2013
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通讯作者:
M. Hanazono;Jun Nakabayashi;Masanori Tsuruoka
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作者:
M. Hanazono;Jun Nakabayashi;Masanori Tsuruoka
We oer a general framework to study procurement scoring auctions when quality matters. In contrast to the existing studies in which only quasilinear scoring rules are considered, our analysis allows a broad class of scoring rules that are practically used in the eld of public procurement. We nd that rst-score (FS) or second-score (SS) auctions can be transformed into equivalent, single-dimensional score-bid auctions where the bidder’s ex post utility is non-linear in the score-bid. Our analysis demonstrates that the ranking of the two auction formats, in terms of expected scores, depends on the scoring rule and that the equivalence fails unless scoring rules are quasilinear.