Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk

• Main Authors: HUANG, He, XU, Hongyan, Kauffman, Robert J., SUN, Ning
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: Computer Sciences; E-Commerce; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/2111; http://dx.doi.org/10.1016/j.orl.2013.04.003
• Institution: Singapore Management University

We compare two mechanisms from the buyer’s perspective in multi-attribute supply procurement, with verifiable and unverifiable quality of the supplies and risk aversion to deviation from acceptable quality: an auction mechanism and a generalized Nash bargaining mechanism. We develop a model to repre...