Price formation in auction theory : a review of theoretical findings and a model for future research

• Main Authors: Xin, Yu, Wu, Tianqi, Wu, Zhaodong
• Other Authors: Yao Shuntian
• Format: Final Year Project
• Language: English
• Published: 2012
• Subjects: DRNTU::Science::Mathematics::Applied mathematics::Simulation and modeling; DRNTU::Social sciences::Economic theory
• Online Access: http://hdl.handle.net/10356/48870
• Institution: Nanyang Technological University

This paper studies the price formation in both perfect and imperfect competitive market. Some interesting ideas, which were raised in previous journals, are revisited. The relationship between the traditional economic theories and auctions is fully covered as well. In this area of study, the third-d...