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Abstract We herein use the results of laboratory experiments to study the effects of preference-elicitation mechanisms on the efficiency of auctions. Transportation and reservation service providers need to know the… Click to show full abstract
Abstract We herein use the results of laboratory experiments to study the effects of preference-elicitation mechanisms on the efficiency of auctions. Transportation and reservation service providers need to know the potential user demand. However, the preference-elicitation method can impact the elicitation results. In this study, we experimentally analyze the effects of preference-elicitation mechanisms on users’ eliciting behaviors and on the efficiency of auction results. In addition, we show that our preference-elicitation mechanism can reduce users’ bidding cost and improve the efficiency of auction results. Finally, we examine users’ behaviors in laboratory experiments to estimate their preference-elicitation costs.
Journal Title: Transportation Research Part B: Methodological
Year Published: 2018
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