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...

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 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...

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

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...

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...

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...

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...

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

been implemented in auction theory and matching theory. Early research on auctions focused on two special cases: common value auctions in which buyers have...

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...

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

2012. Retrieved 8 August 2012. "Cabinet decision on 2G auction price demolishes zero-loss theory". The Hindu. 8 August 2012. Retrieved 8 August 2012. Venkatesan...

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...

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

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...

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...

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...

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 generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the...

SICOMP. Auction Theory Computational social choice Gamification Load balancing (computing) Mechanism design Multi-agent system Voting in game theory Nisan...

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

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

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

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

In economics and game theory, an all-pay auction is an auction in which every bidder must pay regardless of whether they win the prize, which is awarded...