To Thine Own Self Be True: Asymmetric Information in Procurement Auctions

As procurement auctions increasingly move to digital platforms, more data and information is available (or can be made available) to bidders. Despite this trend, relatively little is known about the impact of information asymmetries in these settings. We investigate two such differences in first‐pri...

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Veröffentlicht in:	Production and operations management 2020-07, Vol.29 (7), p.1679-1701
Hauptverfasser:	Wooten, Joel O., Donohue, Joan M., Fry, Timothy D., Whitcomb, Kathleen M.
Format:	Artikel
Sprache:	eng
Schlagworte:	asymmetric information Auctions Bids Cost estimates experiment Operations management procurement auction Purchasing winner's curse
Online-Zugang:	Volltext
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