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- John O. Ledyard
- Division of the Humanities and Social Sciences, California Institute of Technology, Mailcode 228-77, Pasadena, California 91125
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- Mark Olson
- Interdisciplinary Center for Economic Science, George Mason University, MSN 1B2, 4400 University Drive, Fairfax, Virginia 22030-4444
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- David Porter
- Interdisciplinary Center for Economic Science, George Mason University, MSN 1B2, 4400 University Drive, Fairfax, Virginia 22030-4444
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- Joseph A. Swanson
- Joseph Swanson and Company, 312 South Main Street, Racine, Wisconsin 53403–1029
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- David P. Torma
- Joseph Swanson and Company, 312 South Main Street, Racine, Wisconsin 53403–1029
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説明
<jats:p> Combined-value auctions (CVAs) allow participants to make an 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. Sears Logistics Services (SLS) is the first procurer of trucking services to use a CVA to reduce its costs. In 1993, it saved 13 percent over past procurement practices. Experimental economics played a crucial role in the development, sale, and use of the CVA. </jats:p>
収録刊行物
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- Interfaces
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Interfaces 32 (5), 4-12, 2002-10
Institute for Operations Research and the Management Sciences (INFORMS)