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Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.
Download as PDF; Printable version; In other projects Wikidata item; ... Pages in category "Auction theory" The following 19 pages are in this category, out of 19 total.
Download as PDF; Printable version; ... Auction theory (2 C, 19 P) Pages in category "Auctions" The following 3 pages are in this category, out of 3 total. ...
An auction algorithm has been used in a business setting to determine the best prices on a set of products offered to multiple buyers. It is an iterative procedure, so the name "auction algorithm" is related to a sales auction, where multiple bids are compared to determine the best offer, with the final sales going to the highest bidders.
Revenue equivalence is a concept in auction theory that states that given certain conditions, any mechanism that results in the same outcomes (i.e. allocates items to the same bidders) also has the same expected revenue.
Download as PDF; Printable version; ... This list may not reflect recent changes. A. Auction theory; E. Economics of digitization;
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These are the articles about different bidding strategies for auctions. Pages in category "Bidding strategy" The following 11 pages are in this category, out of 11 total.