Management Insights, a regular feature of the journal, is a digest of important research in business, management, operations research, and management science. It appears in every issue of the monthly journal.
“Effects of Information-Revelation Policies Under Market-Structure Uncertainty” is by Ashish Arora and Ramayya Krishnan, Carnegie Mellon University; Amy Greenwald, Brown University; and Karthik Kannan, Purdue University.
Electronic B2B marketplaces like www.ariba.com are growing in importance. In third-party electronic marketplaces, sellers face uncertainty about the number of competitors they face in each market session. Since typically the same set of sellers repeatedly compete across market sessions, sellers can alter their bids to learn about their competitors, depending on how the electronic market place is organized, and specifically, how bid information is disclosed.
The authors compare two commonly used setups—one where all bids are disclosed after the bidding round is over, and one where only the winning bid is disclosed. They show that on average the price paid by buyers is higher when only the winning bid is disclosed.
As a result, buyers are better off in markets where all bids are disclosed at the conclusion of the bidding round.
The current issue of Management Insights is available at http://mansci.journal.informs.org/cgi/reprint/53/8/v. The full papers associated with the Insights are available to Management Science subscribers. Individual papers can be purchased at http://institutions.informs.org. Additional issues of Management Insights can be accessed at http://mansci.pubs.informs.org/.
The Insights in the current issue are:Industry Level Supplier-Driven IT Spillovers by Zhuo (June) Cheng and Barrie R. Nault
INFORMS journals are strongly cited in Journal Citation Reports, an industry source. In the JCR subject category “operations research and management science,” Management Science ranked in the top 10 along with two other INFORMS journals.
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