A Public Procurement Combinatorial Auction Mechanism with Quality Assignment

• Main Authors: CHEN, J., Huang, H., Kauffman, Robert J.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2011
• Subjects: Combinatorial auctions; Economic analysis; Government procurement; Mechanism design; Quality assignment; Social welfare; Business; Computer Sciences
• Online Access: https://ink.library.smu.edu.sg/sis_research/2180; http://dx.doi.org/10.1016/j.dss.2011.02.012
• Institution: Singapore Management University

This article focuses on mechanism design for quality assignment combinatorial procurement auctions. We model how the participants can maximize social surplus, the difference between gross utility and total cost in electronic procurement, while selecting appropriate quality standards for the procured...