Rothkopf, Michael H.; Harstad, Ronald M. - In: Management Science 40 (1994) 3, pp. 364-384
In analyzing bidding, modeling matters. This paper is a critical analysis of the models available to aid competitive … bidding decision making---bidding strategy and auction design---in real transactions. After an introductory overview, this … enriched models are needed to bring bidding theory closer to direct applicability in decision making. …