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http://hdl.handle.net/10182/4212
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| Title: | Auction theory: bidder’s perspective in an English auction environment |
| Author: | Aryal, Jagannath
Kulasiri, Don
Carnaby, Garth A. |
| Date: | 2007 |
| Publisher: | World Academy of Science, Engineering and Technology |
| Citation: | Aryal, J., Kulasiri, D., & Carnaby, G. A. (2007). Auction Theory: Bidder’s Perspective in an English Auction Environment. World Academy of Science, 1(52), 255-259.Science, 66, 1213-1222. |
| Item Type: | Journal Article |
| 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. |
| Description: | We would like to acknowledge New Zealand Wool
Services (NZWSI) and Malcolm Ching for the discussions during the manuscript preparation. |
| Persistent URL (URI): | http://hdl.handle.net/10182/4212 |
| Related URI: | http://www.waset.org/journals/ijshs/v1/v1-52.pdf |
| Rights: | Copyright © World Academy of Science, Engineering and Technology |
| Appears in Collections: | Centre for Advanced Computational Solutions
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