Auctions in defense acquisition: theory and experimental evidence - Research

Acquisition Review Quarterly, Summer, 2002 by Bruce G. Linster, David R. Mullin

Davis, D. D., & Holt, C. A. (1993). Experimental economics. Princeton, NJ: Princeton University Press.

Dyer, D., Kagel, J. H., & Levin, D. (1989). Resolving uncertainty about the number of bidders in independent private-value auctions: An experimental analysis. Rand Journal of Economics, 20, 268-279.

Harris, S. (2001, May 1) Bidding wars. GovExec.com. Retrieved March 25, 2002 from http://www.govexec.com/features/0501/0501.htm.> Kagel, J. H. (1995). Auctions: A survey of experimental research. In J. H. Kagel & A. E. Roth (Eds.), The Handbook of Experimental Economics. Princeton (pp. 501-586). NJ: Princeton University Press.

McAfee, R. P., & MeMillan, J. (1987a). Auctions and bidding. Journal of Economic Literature, 25, 699-738.

McAfee, R. P., & MeMillan, J. (1987b). Auctions with stochastic number of bidders. Journal of Economic Theoty, 43, 1-19.

Matthews, S. A. (1987). Comparing auctions for risk-averse buyers: A buyers point of view. Econometrica, 55, 633-646.

Messmer, E. (2000, August 7). Defense Dept's online auctions spark controversy. Network World Fusion. Retrieved March 25, 2002 from http://www.nwfusion.com/news/2000/0807rcverse.html.> Bruce G. Linster is a professor of economics at the U.S. Air Force Academy. A retired USAF lieutenant colonel and former C-130 pilot, he earned his AM in applied economics and Ph.D. in economics at the University of Michigan. Dr. Linster has published in the fields of game theory, experimental economics, evolutionary economics, and public choice.

(E-mail address: bruce.linster@usafa.af.mil)

David R. Mullin is an assistant professor of economics at the United States Air Force Academy. He earned his Ph.D. in economics from the University of Virginia. He has also taught at Oberlin College and Bowling Green State University. His teaching and research interests include electronic commerce, auctions, and experimental economics.

(E-mail address: david.mullin@usafa.af.mil)