Bidder behaviors in repeated B2B procurement auctions

• Main Authors: PARK, Jong Han, LEE, Jae Kyu, LAU, Hoong Chuin
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2012
• 主題: Repeated bidding; repeated bidder; procurement auctions; bid pricing behavior; Artificial Intelligence and Robotics; E-Commerce; Operations Research, Systems Engineering and Industrial Engineering
• 在線閱讀: https://ink.library.smu.edu.sg/sis_research/1615; https://ink.library.smu.edu.sg/context/sis_research/article/2614/viewcontent/p145_park_BidderBehavB2B_2012.pdf
• 機構: Singapore Management University

B2B auctions play a key role in a firm's procurement process. Even though it is known that repetition is a key characteristic of procurement auctions, traditional auctioneers typically have not put in place a suitable mechanism that supports repetitive auctions effectively. In this paper, we em...