Note on Online Auctions with Costly Bid Evaluation
研究在线服务采购拍卖中，因评估投标可行性和投标人能力成本高昂，导致有投标却未达成合同的现象，分析了最优和均衡的投标与评估决策。
As seen in the data of Snir and Hitt (2003), online service procurement auctions often end without achieving a contract despite active bidding, yet the existing auction literature is silent on why this occurs. One explanation for these unconsummated auctions may be that perfectly acceptable bids are submitted but disregarded because of the cost of assessing the bids' viability and the bidders' capabilities. This note examines this possibility by characterizing optimal and equilibrium bidding and bid-evaluation decisions in the presence of these costs.