Auction Basics

Asunción Mochón and Yago Sáez
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Asunción Mochón: UNED University
Yago Sáez: University Carlos III of Madrid

Chapter 1 in Understanding Auctions, 2015, pp 1-10 from Springer

Abstract: Abstract An auction is a market mechanism, operating under specific rules, that determines to whom one or more items will be awarded and at what price.

Keywords: Reserve Price; Selling Price; Bidding Strategy; Price Rule; Winning Bidder (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-08813-6_1

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DOI: 10.1007/978-3-319-08813-6_1

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