The use of bibliometric indicators on individual and national levels has gathered considerable interest in recent years, but the application of bibliometric models for allocating resources at the institutional level has so far gathered less attention. This article studies the implementation of bibliometric measures for allocating resources at Swedish universities. Several models and indicators based on publications, citations, and research grants are identified. The design of performance-based resource allocation across major universities is then analysed using a framework from the field of evaluation studies. The practical implementation, the incentives as well as the ‘ethics’ of models and indicators, are scrutinized in order to provide a theoretically informed assessment of evaluation systems. It is evident that the requirements, goals, possible consequences, and the costs of evaluation are scarcely discussed before these systems are implemented. We find that allocation models are implemented in response to a general trend of assessment across all types of activities and organizations, but the actual design of evaluation systems is dependent on size, orientation, and the overall organization of the institution in question.