Optimal design of Dutch auctions with discrete bid levels.
Description:
The theory of auction has become an active research area spanning multiple disciplines such as economics, finance, marketing and management science. But a close examination of it reveals that most of the existing studies deal with ascending (i.e., English) auctions in which it is assumed that the bid increments are continuous. There is a clear lack of research on optimal descending (i.e., Dutch) auction design with discrete bid levels. This dissertation aims to fill this void by considering …
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Date:
May 2010
Creator:
Li, Zhen
Partner:
UNT Libraries