An elementary introduction to auctions

Michael H. Rothkopf; Sunju Park

doi:10.1287/inte.31.6.83.9637

An elementary introduction to auctions

Michael H. Rothkopf, Sunju Park

Department of Business Administration

Research output: Contribution to journal › Article › peer-review

20 Citations (Scopus)

Abstract

An auction designer faces many questions. Among the questions are what precisely is to be sold, who may bid, will there be multiple rounds of bidding, what kinds of payments will be made and which are biddable, how will the bids be compared, how will it be decided if a transaction occurs, how will the price be set, how will sales of multiple items be handled, and what information will be revealed and when. Different academic disciplines have contributed to answering these questions. In addition to OR/MS, these include engineering, economics, sociology, and computer science.

Original language	English
Pages (from-to)	83-97
Number of pages	15
Journal	Interfaces
Volume	31
Issue number	6
DOIs	https://doi.org/10.1287/inte.31.6.83.9637
Publication status	Published - 2001

All Science Journal Classification (ASJC) codes

Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation

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10.1287/inte.31.6.83.9637

Cite this

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An elementary introduction to auctions

Abstract

All Science Journal Classification (ASJC) codes

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