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


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

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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:Human Society
Research Group:Human geography
Research Field:Economic geography
Objective Division:Environmental Management
Objective Group:Other environmental management
Objective Field:Other environmental management not elsewhere classified
UTAS 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:299 View Download Statistics

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