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| Author: | Ledyard, J. O. et al. |
| Title: | The first use of a combined-value auction for transportation services |
| Journal: | Interfaces
2002 : SEP-OCT, VOL. 32:5, p. 4-12 |
| Index terms: | Transport economics Freight transport Auctions Decision making |
| Language: | eng |
| Abstract: | Combined-value auctions allow participants to make on offer of a single amount for a collection of items. These auctions provide value to both buyers and sellers of goods or services in a number of environments, but they have rarely been implemented, perhaps because of lack of knowledge and experience. Experimental economics played a crucial role in theent sale and use of the CVA. |
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