Investigación

ISI

calendar_month Publicación: 16/08/2021

Nonparametric Identification and Estimation of Score Auctions in Multi-Attribute Procurement

Score auctions are used in procurement to incorporate other attributes beyond price. We establish nonparametric econometric identification of bidders’ pseudotypes (a measure of bidder’s private cost), when bids are evaluated using a preannounced quasi-linear score, calculated on the basis of the submitted levels of the attributes. Hence, we extend the standard nonparametric method for independent private costs sealed-bid, first price auctions, to multi-attribute quasi-linear score auctions. We illustrate the result with an application to scoring bid data.

Fuente: Operations Research Letters

Volume 49, Issue 5, published online 13 August 2021

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