Abstract In economics, the applications of auction theory are very broad. The present paper examines the applications of auction theory, especially in a management accounting context. Auctions are widely used in different applications. Often auctions have been used as procurement auctions with a reverse auction design, for instance to choose the best supplier. In addition, auctions have been used in supply chain management. In particular, the present paper will take a look at internal auctions, which are used to allocate scarce resources within a firm. The main purpose of the present paper is to exposit the state of the art of the applications of auctions and auction theory. But also there is already a huge potential for auction theory as an instrument of management accounting. So the present paper will also take a look at auctions that are used to generate information or to coordinate firms, for example, auctions could be used to determine transfer prices or budgets.


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    Title :

    Applications and Potentials of Auction Theory in Management Accounting


    Contributors:


    Publication date :

    2017-09-22


    Size :

    29 pages





    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English




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