Engelbrecht-Wiggans, Richard; Haruvy, Ernan; Katok, Elena - In: Marketing Science 26 (2007) 5, pp. 629-641
Reverse auctions are fast becoming the standard for many procurement activities. In the past, the majority of such … auctions have been solely price based, but increasingly attributes other than price affect the auction outcome. Specifically … commonly used for procurement in business-to-business markets, in a setting in which buyers' welfare is affected by exogenous …