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empirical example, we use eBay PlayStation 3 auctions held in 2009. We find that the efficiency loss is over $30 for more than 5 …% of online auctions. Furthermore, we also find the probability of the inefficient online auction is more than 0.25 …
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This work proposes a methodology to find appropriate weights to be assigned to attributes to evaluate bids for government procurements. The new methodology complies with the European Union procurement directives and provides transparency about the weights’ tradeoffs for attributes in...
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