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

Quiroga, B., Aldunate, F.

2021 | Quiroga, B, Aldunate, F.

Operations Research Letters

IF 2020 : 1.154 |

AI 2020 : 0.551

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.

Publicado en: Operations Research Letters

Artículo: ISI , Analítica de Negocios