Menu Auctions In Procurement Of Differentiated Products

Topics:
Procurement and Sourcing
Tags:
Auction,
Business Operations,
Menu Auction,
Procurement,
Purchasing & Procurement,
University Of Rochester
Source:
University of Rochester

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Overview: This paper studies procurement auctions in which firms bid on both price and qualitative attributes. The standard way of taking qualitative attributes into account is to use score auctions. Menu auctions, which also take qualitative attributes into account and do not have the same difficulty of design as score auctions, are an alternative method. The main goal is to study the properties and performance of menu auctions.

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Format: PDF | Size: 392KB | Date: Dec 2005 | Pages: 35

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