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At heoretical analysis of scoring auctions with ag eneral form of scoring rules
| Content Provider | Semantic Scholar |
|---|---|
| Author | Hanazono, Makoto Nakabayashi, Jun Tsuruoka, Masanori |
| Copyright Year | 2011 |
| Abstract | This paper provides a general model of scoring auctions in which scoring rules is not restricted in quasi-linear forms. We found that, if the price-bid in the scoring rule is on the basis of the price-quality ratio (PQR), i.e., the price bid divided by a function of non-monetary attributes, an intense competition induces undercutting the provision of non-monetary attributes, which further drives down the price bid in equilibrium. In addition, unlike the case of quasi-linear scoring rules, equivalence in expected winning scores across scoring auction formats fails under PQR scoring rules. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.jeameetings.org/2011s/Program/Storage/Gabstract/B-002abstract_JunNakabayashi.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
