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Citizen sensor networks are open information systems in which members of the public act as information providers. The information distributed in such networks ranges from observations of events (e.g. noise measurements or monitoring of environmental parameters) to probabilistic estimates (e.g....
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We analyze a two-attribute procurement auction that uses yardstick competition to settle prices. The submitted sealed bids are replaced by yardstick bids, computed by a linear weighting of the other participants’ bids. The auction simplifies the procurement process by reducing the...
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We analyze a simple multi-attribute procurement auction that uses yardstick competition to settle prices. Upon receiving the submitted bids the auctioneer computes the yardstick prices (bids) by a linear weighting of the other participants’ bids. The auction simplifies the procurement process...
Persistent link: https://www.econbiz.de/10010585851
In this paper we use simulations to numerically evaluate the Hybrid DEA – Second Score Auction. In a procurement setting, the winner of the Hybrid auction by design receives payment at the most equal to the Second Score auction. It is therefore superior to the traditional Second Score scheme...
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