PRICING IN ONLINE AUCTION PROCUREMENT A REVIEW OF EMPIRICAL METHODS AND CURRENT UNDERSTANDINGS-Reference-Cited by-同舟云学术

PRICING IN ONLINE AUCTION PROCUREMENT A REVIEW OF EMPIRICAL METHODS AND CURRENT UNDERSTANDINGS

Published:2012-08 Issue:03 Volume:09 Page:1250017
ISSN:0219-8770
Container-title:International Journal of Innovation and Technology Management
language:en
Short-container-title:Int. J. Innovation Technol. Management

Author:

ZHOU MING¹,JIANG WILLIAM Y.²,CAO MENGLIN³

Affiliation:

1. Department of Organizations and Management, Lucas Graduate School of Business, College of Business, San José State University, BT 659, One Washington Square, San José, CA, 95192 – 0070, USA

2. Department of Organizations and Management, Lucas Graduate School of Business, College of Business, San José State University, One Washington Square, San José, CA, 95192 – 0070, USA

3. Credit Risk Management, Wells Fargo Bank, 525 Market Street, 23rd Floor, San Francisco, CA, 94105, USA

Abstract

The online auction has become an important channel for procurement and sourcing management. As firms often expect lower procurement prices through online auctions, how the prices are determined in online auctions should be of major interest to procurement managers and supply chain researchers. Despite the abundant empirical studies on online auction prices, an aggregated view is still absent. This study fills this gap with a review of extant studies. More specifically, this study provides summaries of all major theories behind online auction pricing, defines and analyzes often encountered econometric issues, and discusses how the treatments of these issues have been operationalized. Towards the end, existing findings on determinants of online auction prices are integrated and examined. The purpose of this study is to provide a convenient and precise package of current studies for researchers and professionals.

Publisher

World Scientific Pub Co Pte Lt

Subject

Management of Technology and Innovation

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0219877012500174

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