In a Dutch reverse auction, what specific information asymmetry exists that heavily influences supplier behaviour compared to an open-outcry English reverse auction?

Question

Answer

Suppliers can see exactly how many competitors are currently active in the auction, allowing them to perfectly calculate their odds of winning.

Answer

The buyer knows the exact production costs of all suppliers before the auction begins.

Answer

Suppliers have absolutely no visibility into the competing bidders' price thresholds or when they might stop the clock, relying entirely on their own cost estimates and risk tolerance.

Answer

Suppliers know the exact reserve price of the buyer, whereas in an English auction, the reserve price is always public.

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In a Dutch reverse auction, what specific information asymmetry exists that heav...

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