PRICING IN ONLINE AUCTION PROCUREMENT A REVIEW OF EMPIRICAL METHODS AND CURRENT UNDERSTANDINGS

Ming Zhou (), William Y. Jiang () and Menglin Cao ()
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Ming Zhou: Department of Organizations and Management, Lucas Graduate School of Business, College of Business, San José State University, BT 659, One Washington Square, San José, CA, 95192 – 0070, USA
William Y. Jiang: Department of Organizations and Management, Lucas Graduate School of Business, College of Business, San José State University, One Washington Square, San José, CA, 95192 – 0070, USA
Menglin Cao: Credit Risk Management, Wells Fargo Bank, 525 Market Street, 23rd Floor, San Francisco, CA, 94105, USA

International Journal of Innovation and Technology Management (IJITM), 2012, vol. 09, issue 03, 1-17

Abstract: 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.

Date: 2012
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DOI: 10.1142/S0219877012500174

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