at Google ScholarTitle 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 - Technology and Innovation Management > Chair Business Administration XI - Technology and Innovation Management - 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 - Technology and Innovation Management |
| 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 |