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

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

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...

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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
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.sis_research-31102014-02-26T10:13:41Z Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk HUANG, He XU, Hongyan Kauffman, Robert J. SUN, Ning 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 represent the effects on the buyer’s dominant strategy of bargaining and auction participation. The results suggest the conditions for which bargaining is preferred over the auction mechanism alone. 2013-07-07T07:00:00Z text https://ink.library.smu.edu.sg/sis_research/2111 info:doi/10.1016/j.orl.2013.04.003 http://dx.doi.org/10.1016/j.orl.2013.04.003 Research Collection School Of Computing and Information Systems eng Institutional Knowledge at Singapore Management University Computer Sciences E-Commerce Management Information Systems
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Computer Sciences
E-Commerce
Management Information Systems
spellingShingle Computer Sciences
E-Commerce
Management Information Systems
HUANG, He
XU, Hongyan
Kauffman, Robert J.
SUN, Ning
Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk
description 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 represent the effects on the buyer’s dominant strategy of bargaining and auction participation. The results suggest the conditions for which bargaining is preferred over the auction mechanism alone.
format text
author HUANG, He
XU, Hongyan
Kauffman, Robert J.
SUN, Ning
author_facet HUANG, He
XU, Hongyan
Kauffman, Robert J.
SUN, Ning
author_sort HUANG, He
title Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk
title_short Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk
title_full Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk
title_fullStr Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk
title_full_unstemmed Analyzing Auction and Bargaining Mechanisms in E-Procurement with Supply Quality Risk
title_sort analyzing auction and bargaining mechanisms in e-procurement with supply quality risk
publisher Institutional Knowledge at Singapore Management University
publishDate 2013
url https://ink.library.smu.edu.sg/sis_research/2111
http://dx.doi.org/10.1016/j.orl.2013.04.003
_version_ 1770571799632805888

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