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Other Papers on :Market System: Price, Demand and Supply

P/E/234. Concept of Auctions

(2004, 2000 words)

The paper seeks to identify the concept of auction focusing on English and Dutch auctions and defining their types and structure. The independent private values model (IPV) is described with respect to symmetric and assymmetric bidders. Conclusions are made about the equivalence of the auctions.
 
   
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