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...

economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably...

A Vickrey auction or sealed-bid second-price auction (SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the...

together with Robert B. Wilson, "for improvements to auction theory and inventions of new auction formats". He is the co-creator of the no-trade theorem...

when bidders have preferences as studied in prospect theory. In a newer model of auction theory proposed by Gunay, Meng and Nagelberg (2013), different...

first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. In this type of auction, all bidders simultaneously...

"Multiple-Object Auctions" (PDF). In Engelbrecht-Wiggans, R.; Shubik, M.; Stark, R. M. (eds.). Auctions, Bidding, and Contracting: Uses and Theory. New York:...

An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening...

A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic...

Mikhael. "Chinese Auction - Game Theory .net". www.gametheory.net. Retrieved 28 October 2023. "Nothing Chinese about an auction". Lewiston Sun Journal...