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Although Priceline has a patent on the concept, the reality is, this
model, frequently called the "reverse auction model," is currently in
use in a number of industries.
The following resources have a listing of industries that are using
the reverse auction concept:
Reverse Auctioneer case studies
As we can see from these sites, everything from aerospace to
agriculture is using this model, at least in business-to-business
The concept can really be applied to a vast number of industries in
business-to-consumer commerce as well. Service oriented industries
Shipping and packaging
Automobile parts and accessories
Plumbing, painting, carpeting -- contract work
Delivery-oriented work - e.g., flowers, pizza, candy
Many tangibles, or consummables could theoretically work:
Here are some selected resources on the topic:
"When reverse auctions started off amidst the dot com boom, many
viewed it with scepticism and did not think it would survive for long.
However, contrary to popular expectation, this business has not only
survived the dot com meltdown but has done so in good health. Rajneesh
De, Srikanth RP & Stanley Glancy do some crystal gazing and try to
find out where things go from here" -> see more at URL
Forward Thinking About Reverse Auctions
E-commerce is leading to an anything-goes environment of online
bidding and dynamic pricing
Strategic Sourcing through Reverse Auctions
Priceline: A Net Monopoly No Longer?
White Paper on Reverse Auctions
Attorney for $3 -- Can I get $2?
"Supply Driven vs Demand Driven" Distribution
"reverse auctions promise"
"reverse auctions will"
"reverse auction" industries"
"reverse auction model"