Blind Multi-stage Scoring Auctions with Two-Sided Incomplete Information for Government Procurement
摘要
Competitive bidding is the dominant mechanism through which the government allocates billions of dollars worth of assets every year. The approach is rooted in basic auction theory which would imply that a competitive bidding process can help reduce costs and guarantee the government favorable terms. In the case of government procurement the types of auctions a government agency can employ are strictly codified and regulated, however there are certain auction styles employed by governments where subjective scoring still appears.