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Emerging Multiple e-Auctions

Author

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  • Teich, J.E.
  • Wallenius, H.
  • Wallenius, J.
  • Koppius, O.R.

Abstract

We review the emerging field of multiple issue e-auctions and discuss their design features and performance criteria. We primarily consider B2B transactions in a reverse auction, that is, a procurement setting. In traditional auctions, the matching of buyers and sellers is typically based just on price. However, when there are quality and other differences in the merchandize and differences in the terms of the transaction, which are common in Request for Quotes (RFQs), additional issues besides price should be considered. Such multiple issue, multiple unit e-auctions/ negotiations, and their characteristics are the focus of our paper. We also discuss the role that OR has played and undoubtedly will play in the design and implementation of such e-auctions.

Suggested Citation

  • Teich, J.E. & Wallenius, H. & Wallenius, J. & Koppius, O.R., 2003. "Emerging Multiple e-Auctions," ERIM Report Series Research in Management ERS-2003-058-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:922
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    B2B; e-negotiations; e-procurement; multiple issue auctions; online auctions;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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