Autore
Camboni Marchi Adani, Riccardo

Titolo
Procuring price and quality using scoring auctions where do we stand?
Periodico
Economia e politica industriale
Anno: 2018 - Volume: 45 - Fascicolo: 1 - Pagina iniziale: 17 - Pagina finale: 35

This study assesses the rapidly growing literature on scoring rule auctions (SRA), in which all participants submit a multidimensional bid comprising prices and levels of one or more qualities. These elements are weighted using a linear combination, that is, the scoring function. The result of this function is a score and the bid that obtains the highest score is awarded the contract. We provide a comprehensive overview of key theoretical and empirical results. In addition, we discuss structural estimation techniques applied to SRA and we conclude with three main limitations of this awarding mechanism.



SICI: 0391-2078(2018)45:1<17:PPAQUS>2.0.ZU;2-I

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