Optimal design of the online auction channel: Analytical, empirical, and computational insights

Decision Sciences, Fall 2002 by Bapna, Ravi, Goes, Paulo, Gupta, Alok, Karuga, Gilbert

In future work we will focus our attentions to other auction parameters in the design of online auctions that require optimization. These include, but are no limited to, the auction duration and the lot size among others. [Received: October 6, 2001. Accepted: July 3, 2002.]

*Alok Gupta's research is supported by NSF CAREER grant #US-0092780, but does not necessarily reflect the views of the NSF. Partial support for this research was also provided by TECI-the Treibick Electronic Commerce Initiative, OPIM/SBA, University of Connecticut.

REFERENCES

Bapna, R. (1999). Economic and experimental analysis and design of auction based on-line mercantile processes. Unpublished doctoral dissertation. The University of Connecticut, Storrs, CT.

Bapna, R., Goes, P., & Gupta, A. (2000). A theoretical and empirical investigation of multi-item on-line auctions. Information Technology and Management, 1(2), 1-23.

Bapna, R., Goes, P., & Gupta, A. (2001 a). Online auctions: Insights and analysis. Communications of the ACM, 44(11), 42-50.

Bapna, R., Goes, P., & Gupta, A. (2001b). Simulating online Yankee auctions to optimize sellers revenue. In Proceedings of the HICCS-34 Conference, CDROM.

Bulow, J., & Roberts, J. (1989). The simple economics of optimal auctions. Journal of Political Economy, 7(5), 1060-1090.

Easley, R., & Tenorio, R. (1999). Bidding strategies in Internet Yankee auctions. Working Paper, Notre Dame University.

Kleijnen, J. PC., Bettonvil, B., & van Groenendaal, W. (1996). Validation of simulation models: Regression analysis revisited. In Proceedings of the Winter Simulation Conference, 352-359.

Kleijnen, J. PC., Bettonvil, B., & van Groenendaal, W. (1998). Validation of trace-- driven simulation models: A novel regression test. Management Science, 44(6), 812-819.

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

Milgrom, P. (1989). Auctions and bidding: A primer. Journal of Economic Perspectives, 3, 3-22.

Milgrom, P, & Weber, R. (1982). A theory of auctions and competitive bidding. Econometrica, 50, 1089-1122.

Nautz, D., & Wolfstetter, E. (1997). Bid shading and risk aversion in multi-unit auctions with many bidders. Economics Letters, 56(2), 195-200.

Paarsch, H. J. (1992). Deciding between common values and private value paradigms in empirical models of auctions. Journal of Econometrics, 51, 191215.

Rothkopf, M. H., & Harstad, R. M. (1994a). Modeling competitive bidding: A critical essay. Management Science, 40(3), 364-384.

Rothkopf, M. H., & Harstad, R. A (1994b). On the role of discrete bid levels in oral auctions. European Journal of Operations Research, 74, 572-581.

Ravi Bapna and Paulo Goes

Department of Operations and Information Management, U-41 IM, School of Business, University of Connecticut, Storrs, CT 06269, e-mails: ravi.bapna @business.uconn.edu, paulo.goes@business.uconnt.edu

Alok Gupta

Information and Decision Sciences Department, Carlson School of Management, University of Minnesota, 321 19th Avenue South, Minneapolis, MN 55455, e-mail: gupta037@umn.edu


 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with ProQuest