Ødegaard, Fredrik; Anderson, Chris K. - In: European Journal of Operational Research 239 (2014) 2, pp. 579-592
Motivated by the emergence of online penny or pay-to-bid auctions, in this study, we analyze the operational consequences of all-pay auctions competing with fixed list price stores. In all-pay auctions, bidders place bids, and highest bidder wins. Depending on the auction format, the winner pays...