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Auction Theory: Bidder's Perspective in an English Auction Environment

conference contribution
posted on 2023-05-23, 07:00 authored by Jagannath Aryal, Kulasiri, D, Carnaby, GA
This paper provides an overview of auction theory literature. We present a general review on literature of various auctions and focus ourselves specifically on an English auction. We are interested in modelling bidder’s behavior in an English auction environment. And hence, we present an overview of the New Zealand wool auction followed by a model that would describe a bidder’s decision making behavior from the New Zealand wool auction. The mathematical assumptions in an English auction environment are demonstrated from the perspective of the New Zealand wool auction.

History

Publication title

In Proceedings of World Academy of Science, Engineering and Technology

Volume

26

Pagination

255-259

ISSN

2010-3778

Department/School

School of Geography, Planning and Spatial Sciences

Publisher

World Academy of Science, Engineering and Technology

Place of publication

Thailand

Event title

In Proceedings of World Academy of Science, Engineering and Technology

Event Venue

Bangkok, Thailand

Date of Event (Start Date)

2007-12-14

Date of Event (End Date)

2007-12-17

Rights statement

Copyright 2007 WORLD ACADEMY OF SCIENCE, ENGINEERING AND TECHNOLOGY

Repository Status

  • Restricted

Socio-economic Objectives

Other environmental management not elsewhere classified

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