Properties of scoring auctions

A-Tier
Journal: RAND Journal of Economics
Year: 2008
Volume: 39
Issue: 1
Pages: 69-85

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This article studies scoring auctions, a procedure commonly used to buy differentiated products: suppliers submit offers on all dimensions of the good (price, level of nonmonetary attributes), and these are evaluated using a scoring rule. We provide a systematic analysis of equilibrium behavior in scoring auctions when suppliers' private information is multidimensional (characterization of equilibrium behavior and expected utility equivalence). In addition, we show that scoring auctions dominate several other commonly used procedures for buying differentiated products, including menu auctions, beauty contests, and price‐only auctions with minimum quality thresholds.

Technical Details

RePEc Handle
repec:bla:randje:v:39:y:2008:i:1:p:69-85
Journal Field
Industrial Organization
Author Count
2
Added to Database
2026-01-24