Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62044 
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dc.contributor.authorStoll, Sebastianen
dc.contributor.authorZöttl, Gregoren
dc.date.accessioned2012-09-04T08:15:19Z-
dc.date.available2012-09-04T08:15:19Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/62044-
dc.description.abstractThe outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding process. We use data from a large European procurement platform to study the impact of different information structures, specifically the availability of quality information to the bidders, on buyers welfare and platform turnovers. First we show that on the procurement platform considered bidders indeed are aware of their rivals characteristics and the buyers preferences over those non-price characteristics. In a counterfactual analysis we then analyze the reduction of non-price information available to the bidders. As we find, platform turnovers would decrease from around 10 million euros to around 7 million euros and the buyers welfare would increase by the monetary equivalent of around 2.7 million euros.en
dc.language.isoengen
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |xKiel und Hamburgen
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Procurement |xB05-V1en
dc.subject.jelD44en
dc.subject.jelD82en
dc.subject.jelL11en
dc.subject.ddc330en
dc.titleInformation Disclosure in Dynamic Buyer-Determined Procurement Auctions: An Empirical Study-
dc.typeConference Paperen
dc.identifier.ppn73147449Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:vfsc12:62044en

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