書誌事項
- タイトル別名
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- Equilibrium Bidding Behavior in Scoring Auctions: the Case of Value-for-Money Evaluation
- ソウゴウ ヒョウカ ラクサツ ホウシキ オークション ノ キンコウ ニュウサツ ジョサン ホウシキ ヒョウカ ノ バアイ
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I study the equilibrium bidding behavior in procurement scoring auctions in which each bid is evaluated according to the value-for-money(quality-price ratio). In particular, I consider an auction with n bidders, each of whom receives a cost parameter for quality provision from a symmetric, independent uniform distribution, then decides whether to participate the auction by paying an entry fee, and bids a quality-price pair upon entering. The bidder with the highest value-for money experts the project with the promised quality, and receives the bidded price. I derive an equilibrium in which the probability of winning increase as the cost parameter becomes more efficient. However, this evaluation method implies a little odd bidding behavior: the equilibrium price and quality exhibit U-shape curves with respect to the cost parameter.
収録刊行物
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- 経済科学
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経済科学 57 (4), 149-157, 2010-03-25
名古屋大学大学院経済学研究科
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詳細情報 詳細情報について
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- CRID
- 1390572174582927104
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- NII論文ID
- 120002063162
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- NII書誌ID
- AN00069864
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- HANDLE
- 2237/13171
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- NDL書誌ID
- 10643092
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- ISSN
- 00229725
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- 本文言語コード
- ja
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- データソース種別
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- JaLC
- IRDB
- NDL
- CiNii Articles
- KAKEN
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- 抄録ライセンスフラグ
- 使用可