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...

main advisor. Che’s research concerns microeconomic theory, with special focus on markets, auctions, contracts and matching, dynamic information acquisition...

former student Paul R. Milgrom, "for improvements to auction theory and inventions of new auction formats". Two more of his students, Alvin E. Roth and...

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...

The linkage principle is a finding of auction theory. It states that auction houses have an incentive to pre-commit to revealing all available information...

A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible...

A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins...

multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price (a uniform price auction) or at...

and Robert B. Wilson (born 1937) "for improvements to auction theory and inventions of new auction formats." According to the Nobel Committee, the recognition...

The term "auction algorithm" applies to several variations of a combinatorial optimization algorithm which solves assignment problems, and network optimization...

been studied extensively in various contexts, particularly in auctions. In an auction, there are one or more items and one or more agents with different...

distributed. Milgrom and Weber (1982) present a much more general theory of auctions with positively related values. Each of n buyers receives a private...

"Combinatorial Auctions / Ascending Auctions". In Nisan, Noam; Roughgarden, Tim; Tardos, Eva; Vazirani, Vijay (eds.). Algorithmic Game Theory (PDF). pp. 289–294...

In mechanism design and auction theory, a profit extraction mechanism (also called profit extractor or revenue extractor) is a truthful mechanism whose...

Economic Theory II at the University of Bonn. His research focuses on applied game theory, auction theory, mechanism design, contests and matching theory, and...

auction theory work". www.timesofisrael.com. Retrieved 2023-10-09. "Jewish American Paul Milgrom shares Nobel Prize in economics for auction theory discoveries"...

Proteus phenomenon War of attrition (game) Pyrrhic victory Vickrey auction Auction theory Paul Milgrom Robert B. Wilson Thaler, Richard (1988), "Anomalies:...

topics in industrial organisation, economic theory, auction theory, communications in games and vote theory. Krishna is married and has two children. Journal...

Myerson's regularity, is a property of probability distributions used in auction theory and revenue management. Examples of distributions that satisfy this...

In auction theory and mechanism design, Border's theorem gives a necessary and sufficient condition for interim allocation rules (or reduced form auctions)...

An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected...