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Preference Revelation in Multi-attribute Bidding Procedures : An Experimental Analysis

Title data

Strecker, Stefan ; Seifert, Stefan:
Preference Revelation in Multi-attribute Bidding Procedures : An Experimental Analysis.
In: Proceedings of the 14th International Workshop on Database and Expert Systems Applications (DEXA). - Prague , 2003 . - pp. 850-854
ISBN 0-7695-1993-8
DOI: https://doi.org/10.1109/DEXA.2003.1232128

Abstract in another language

In this paper, the authors report on a computer-based laboratory experiment investigating whether disclosing the buyer's preferences in a multi-attribute reverse English auctions affects buyer's utility, suppliers' profits and efficiency. The results show that full revelation of the buyer's preferences significantly increases allocational efficiency. Suppliers use the additional information in their bidding decisions and make weakly significantly more profits. However, the experimental evidence does not support the hypothesis that the buyer is better off when revealing her preferences. At least, the results indicate that the buyer is not exploited by suppliers.

Further data

Item Type: Article in a book
Related institutions (e.g. sponsor, organisator): IEEE
Refereed: Yes
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI > Chair Business Administration XI - Univ.-Prof. Dr. Stefan Seifert
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI
Result of work at the UBT: No
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
Date Deposited: 04 Aug 2015 08:14
Last Modified: 05 Aug 2015 09:29
URI: https://eref.uni-bayreuth.de/id/eprint/17496