Posting all FAAB bids for a player
Posted: Sat Sep 08, 2007 4:22 am
In the way our scoring service operates, all FAAB bids for a player are NOT posted by our scoring service. However a recent paper entitled "Online Auctions that Reveal Bids Good for Buyers indicates that online buyers are better served in markets where all bids are disclosed after the bidding. This article appeared as a Management Insights feature in the July issue of Management Science, the flagship journal of the Institute for Operations Research and the Management Sciences (INFORMS®).
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.
The paper is entitled the following:
“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.
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.
Their conclusion: Buyers are better off in markets where all bids are disclosed at the conclusion of the bidding round.
So, what do you think?? Should we post all bids for all players picked up under the FAAB.
This is all I know about the article. THE ISSUE, HOWEVER, IS PRETTY CLEAR.
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.
The paper is entitled the following:
“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.
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.
Their conclusion: Buyers are better off in markets where all bids are disclosed at the conclusion of the bidding round.
So, what do you think?? Should we post all bids for all players picked up under the FAAB.
This is all I know about the article. THE ISSUE, HOWEVER, IS PRETTY CLEAR.