Optimal Auction Mechanism of Logistics and Transportation Service Procurement
In the logistics and transportation service transaction market,the continuous growth of the secondary market has led suppliers to face an information structure characterized by interdependent values.The interdependent value model allows bidders to estimate values based on others'information,challenging transaction mechanisms established under the traditional private value information structure.This paper introduces an optimal transportation service combination auction mechanism tailored for the interdependent value scenario to encourage the submission of genuine information.The mechanism ensures incentive compatibility and individual rationality,enabling bidders to fully express their preferences and reducing procurement costs for consignors.Theoretical analysis indicates the effectiveness of the proposed mechanism,and empirical results demonstrate its capability to reduce procurement costs.
logistics and transportation procurementinterdependent valuecombination auctionauction mechanism
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