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Auction Theory: Bidder's Perspective in a Public Out-Cry English Auction

Citation

Aryal, J and Kulasiri, D and Carnaby, GA, Auction Theory: Bidder's Perspective in a Public Out-Cry English Auction, International Journal of Computer and Information Science and Engineering, 2, (7) pp. 428-432. ISSN 1307-4164 (2008) [Refereed Article]


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Copyright Statement

Copyright 2008 World Academy of Science, Engineering and Technology Licensed under Creative Commons (Attribution unknown)

Official URL: http://www.ijisce.org/index.php?p=1

Abstract

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.

Item Details

Item Type:Refereed Article
Research Division:Studies in Human Society
Research Group:Human Geography
Research Field:Economic Geography
Objective Division:Environment
Objective Group:Land and Water Management
Objective Field:Land and Water Management of environments not elsewhere classified
Author:Aryal, J (Dr Jagannath Aryal)
ID Code:80437
Year Published:2008
Deposited By:Geography and Environmental Studies
Deposited On:2012-10-31
Last Modified:2012-11-08
Downloads:257 View Download Statistics

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