This research shows that auction duration and description are two essential auction design parameters that function as … screening mechanisms for bidder quality on popular online outsourcing platforms that use buyer-determined reverse auctions in … technology (IT) service vendors, we examine the effects of the description and duration of auctions on both bidder entry (i …

Internet auctions have become very important for B-2-C E-Commerce. With 56 million active users, eBay alone generates a … 34 billion in turnover per annum [Ebay05, 2]. Typically, forward auctions with an ascending- bid mechanism are employed … in B-2-C or C-2-C environments. Sellers initiate auctions and buyers compete for the products offered which causes prices …

We test recent theory on the benefits of auctions and bargaining as alternative procurement mechanisms using data on … the procurement of medical devices by Italian hospitals. Theory suggests that auctions perform well when cost control is … quality is difficult to verify. Consistent with the theory, we find that auctions are used more often when the influence of …

This note contains the equilibrium bid functions for two types of common-value procurement auctions: 1) a procurement … auction in which bids represent an enforceable contract; 2) a procurement auction in which, upon learning the true cost of … their bid, which is returned at the end of the auction unless they are the low bidder and renegotiate the contract …