Elmaghraby, Wedad J.; Katok, Elena; Santamaría, Natalia - In: Manufacturing & Service Operations Management 14 (2012) 1, pp. 128-144
A popular procurement auction format is one in which bidders compete during a live auction event but observe only the rank of their own bid and not the price bids of their competitors. We investigate the performance of auctions with rank feedback in a simple setting for which analytical...