This article presents an econometric analysis of the many data on the sealed-bid auction that sells mussels in Yerseke town, the Netherlands. The goals of this analysis are obtaining insight into the important factors that determine the price of these mussels, and quantifying the performance of an individual purchase manager. Besides a case-study, the article is a general study on the role of auctions in supply chains and on hedonic price factors.
|International Journal of Production Economics
|Published - 2011