Weight Values, Scoring Rules and Abnormally Low Tenders Criteria in Multidimensional Procurement: Effects on Price
Jorge González Chapela ()
Hacienda Pública Española, 2019, vol. 228, issue 1, 55-81
Many weighing functions are currently in use for evaluating quotes in multidimensional procurement. Although these may affect the price paid by the buyer, their design has been little informed by empiri-cal considerations. This paper studies the impacts of weight values, scoring rules, and abnormally low tenders criteria (ALTC) in an original sample of procurements of services. The panel dimension of the data and the rich set of procurement characteristics are exploited to show that convex price scoring rules (PSRs) and increases in the weight for price yield lower prices, whereas independent/interdepend-ent PSRs and different ALTC result in the same price.
Keywords: Multidimensional procurement; weighing function; scoring rule; abnormally low tenders criterion; Spanish Armed Forces. (search for similar items in EconPapers)
JEL-codes: H57 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2019:v:228:i:1:p:55-81
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