E-Business and Management Science: Mutual Impacts (Part 1 of 2)
Management Science
Winner's curse and parallel sales channels-Online auctions linked within e-tail websites
Information and Management
RFQ Auctions with Supplier Qualification Screening
Operations Research
Portfolios of buyer-supplier exchange relationships in an online marketplace for IT services
Decision Support Systems
Information Systems Research
Effects of Information Revelation Policies Under Cost Uncertainty
Information Systems Research
Yield management of workforce for IT service providers
Decision Support Systems
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As seen in the data of Snir and Hitt (2003), online service procurement auctions often end without achieving a contract despite active bidding, yet the existing auction literature is silent on why this occurs. One explanation for these unconsummated auctions may be that perfectly acceptable bids are submitted but disregarded because of the cost of assessing the bids' viability and the bidders' capabilities. This note examines this possibility by characterizing optimal and equilibrium bidding and bid-evaluation decisions in the presence of these costs.