Strecker, Stefan; Seifert, Stefan:

Preference Revelation in Multi-Attribute Bidding Procedures: An Experimental Analysis

In: Proceedings of the 4th International Workshop on Negotiations in Electronic Markets - Beyond Price Discovery at the 14th International Workshop on Database and Expert Systems Applications, DEXA 2003, Prague, Czech Republic, September 1-5 : Database and Expert Systems Applications (DEXA)
Los Alamitos, CA (2003), S. 850-854
Buchaufsatz / Kapitel / Fach: Wirtschaftswissenschaften
Abstract:
In this paper, the authors report on a computer-based laboratory experiment
	investigating whether disclosing the buyer’s preferences in a multi-attribute
	reverse English auctions affects buyer’s utility, suppliers’ profits
	and efficiency. The results show that full revelation of the buyer’s
	preferences significantly increases allocational efficiency. Suppliers
	use the additional information in their bidding decisions and make
	weakly significantly more profits. However, the experimental evidence
	does not support the hypothesis that the buyer is better off when
	revealing her preferences. At least, the results indicate that the
	buyer is not exploited by suppliers.

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