Pricing in multiple-item procurement auctions with a common to all items fixed cost

DOI10.1016/J.EJOR.2007.06.044MaRDI QIDQ928048zbMATH OpenOpenAlexFDO

Authors Panos L. Lorentziadis

Publication date 11 June 2008

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2007.06.044

zbMATH Keywords

pricingmarketingauctions/biddingpurchasing

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Optimal pricing in iterative flexible combinatorial procurement auctions
• On bidding for a fixed number of items in a sequence of auctions
• Pricing combinatorial auctions.
• Vickrey-Dutch procurement auction for multiple items
• Dynamic procurement management by reverse auctions with fixed setup costs and sales levers

Cites work

• A Theory of Auctions and Competitive Bidding
• A competitive-bidding strategy
• Combinatorial auction design
• Combinatorial auctions: a survey
• Implicit Cost Allocation and Bidding for Contracts
• Pricing combinatorial auctions.
• Simultaneous Bidding with a Fixed Charge if Any Bid is Successful
• Withdrawable Bids as Winner's Curse Insurance

Cited in

(5)

• Total-Cost Procurement Auctions: Impact of Suppliers' Cost Adjustments on Auction Format Choice
• Optimal bidding in auctions from a game theory perspective
• When Fixed Price Meets Priority Auctions: Competing Firms with Different Pricing and Service Rules
• The beauty of Dutch: ex-post split-award auctions in procurement markets with diseconomies of scale
• Item Pricing for Combinatorial Public Projects

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