%0 Journal Article
	%A Jagannath Aryal and  Don Kulasiri and  Garth A. Carnaby
	%D 2008
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 15, 2008
	%T Auction Theory: Bidder-s Perspective in a Public Out-Cry English Auction
	%U https://publications.waset.org/pdf/5895
	%V 15
	%X 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.
	%P 169 - 173