@article{(Open Science Index):https://publications.waset.org/pdf/5895,
	  title     = {Auction Theory: Bidder-s Perspective in a Public Out-Cry English Auction},
	  author    = {Jagannath Aryal and  Don Kulasiri and  Garth A. Carnaby},
	  country	= {},
	  institution	= {},
	  abstract     = {This paper provides an overview of auction theory
literature. We present a general review on literature of various
auctions and focus ourselves specifically on an English auction. We
are interested in modelling bidder-s behavior in an English auction
environment. And hence, we present an overview of the New Zealand
wool auction followed by a model that would describe a bidder-s
decision making behavior from the New Zealand wool auction. The
mathematical assumptions in an English auction environment are
demonstrated from the perspective of the New Zealand wool auction.},
	    journal   = {International Journal of Economics and Management Engineering},
	  volume    = {2},
	  number    = {3},
	  year      = {2008},
	  pages     = {169 - 173},
	  ee        = {https://publications.waset.org/pdf/5895},
	  url   	= {https://publications.waset.org/vol/15},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 15, 2008},