AuctionTheory_A1.pdf (299.08 kB)
Auction Theory: Bidder's Perspective in a Public Out-Cry English Auction
journal contribution
posted on 2023-05-17, 13:58 authored by Jagannath Aryal, Kulasiri, D, Carnaby, GAThis 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
International Journal of Computer and Information Science and EngineeringIssue
7Pagination
428-432ISSN
1307-4164Department/School
School of Geography, Planning and Spatial SciencesPublisher
World Academy of Science, Engineering and Technology (W A S E T)Place of publication
TurkeyRights statement
Copyright 2008 World Academy of Science, Engineering and Technology Licensed under Creative Commons (Attribution unknown)Repository Status
- Open