Pricing in Online Auction Procurement: A Review of Empirical Methods and Current Understandings
International Journal of Innovation and Technology Management
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
Ming Zhou, William Y. Jiang, and M. Cao. "Pricing in Online Auction Procurement: A Review of Empirical Methods and Current Understandings" International Journal of Innovation and Technology Management (2012): 1-17. https://doi.org/10.1142/S0219877012500174
Preprint of an article submitted for consideration in © 2012 copyright World Scientific Publishing Company. The definitive version of the article may be found at: http://dx.doi.org/10.1142/S0219877012500174.