An elementary introduction to auctions

Michael H. Rothkopf, Sunju Park

Research output: Contribution to journalArticle

30 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 languageEnglish
Pages (from-to)83-97
Number of pages15
JournalInterfaces
Volume31
Issue number6
DOIs
Publication statusPublished - 2001 Jan 1

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All Science Journal Classification (ASJC) codes

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

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