Open AccessMechanism design in project procurement auctions with cost uncertainty and failure risk
Author(s) -
Xin Qian,
Min Huang,
WaiKi Ching,
Loo Hay Lee,
Xingwei Wang
Publication year - 2019
Publication title -
journal of industrial and management optimization
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.325
H-Index - 32
eISSN - 1553-166X
pISSN - 1547-5816
DOI - 10.3934/jimo.2018036
Subject(s) - reverse auction , procurement , risk neutral , microeconomics , regret , risk aversion (psychology) , common value auction , bid price , profit (economics) , revenue equivalence , business , computer science , risk management , proxy bid , auction theory , economics , expected utility hypothesis , finance , marketing , financial economics , machine learning