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

Citation

Aryal, J and Kulasiri, D and Carnaby, GA, Auction Theory: Bidder's Perspective in an English Auction Environment, In Proceedings of World Academy of Science, Engineering and Technology, December 14-17, Bangkok, Thailand, pp. 255-259. ISSN 2010-3778 (2007) [Refereed Conference Paper]

Copyright Statement

Copyright 2007 WORLD ACADEMY OF SCIENCE, ENGINEERING AND TECHNOLOGY

Official URL: http://waset.org/publications/5895/auction-theory-...

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 Conference Paper
Research Division:Studies in Human Society
Research Group:Human Geography
Research Field:Economic Geography
Objective Division:Environment
Objective Group:Other Environment
Objective Field:Environment not elsewhere classified
Author:Aryal, J (Dr Jagannath Aryal)
ID Code:80484
Year Published:2007
Deposited By:Geography and Environmental Studies
Deposited On:2012-11-01
Last Modified:2014-10-15
Downloads:0

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