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| Tekijä: | Rothkopf, M. Harstad, R. |
| Otsikko: | Modeling competitive bidding: a critical essay |
| Lehti: | Management Science
1994 : MAR, VOL. 40:3, p. 364-384 |
| Asiasana: | DECISION ANALYSIS GAMES ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | In analyzing bidding, modeling matters. This paper is a critical analysis of the models available to aid competitive bidding decision making - bidding strategy and auction design - in real transactions. This paper describes the contexts in which auctions arise, reviews the "mainstream" theory of single, isolated auctions and discusses the important work involved in enrichment of this theory. The paper summarizes briefly what is known about the direct use of models by bidders and auction designers. |
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