Procuring commodities through e-auctions: Results and specifics
2017 (English)In: IDIMT 2017: Digitalization in Management, Society and Economy - 25th Interdisciplinary Information Management Talks / [ed] Gerhard C., Petr D., Vaclav O., TRAUNER Verlag, 2017, Vol. 46, p. 245-252Conference paper, Published paper (Refereed)
Abstract [en]
E-auctions are commonly used to purchase large variety of items, including commodities. Most of current e-auction literature presumes e-auction should perform better than diversified products, usually based on their easier specification (e.g. Kaufmann & Carter, 2004) or vast supplier base (e.g. Parente et al, 2010) . We empirically test this assumption using large dataset of real e-auction cases and two methods of calculating e-auction results, concluding that there is no statistically significant difference for savings based on estimated price, while savings based on initial price are actually lower for commodities. We provide discussion on this fact, using the agrument of Beall et al (2003), who state that commodities tend to have lower margins.
Place, publisher, year, edition, pages
TRAUNER Verlag, 2017. Vol. 46, p. 245-252
Series
Schriftenreihe Informatik ; 46
Keywords [en]
Kruskal-Wallis ANOVA, Purchasing commodities, Purchasing strategy, Savings from e-auctions, Information management, Sales, Statistical tests, E-auctions, Large dataset, Statistically significant difference, Supplier base, Commerce
National Category
Business Administration
Identifiers
URN: urn:nbn:se:oru:diva-76929ISI: 000419365600028Scopus ID: 2-s2.0-85029749329ISBN: 9783990621196 (print)OAI: oai:DiVA.org:oru-76929DiVA, id: diva2:1356585
Conference
25th Interdisciplinary Information Management Talks: Digitalization in Management, Society and Economy (IDIMT 2017), Podebrady, Czech Republic, September 6-8, 2017
Note
Funding Agency:
Scientific Grant Agency of the Slovak Republic VEGA 1/0807/16
2019-10-012019-10-012019-10-10Bibliographically approved