English, Article, Journal or magazine article edition: Auctions, Information, and New Technologies Ehrhart, Karl-Martin; Ott, Marion

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Bookmark: http://trove.nla.gov.au/version/42984
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Auctions, Information, and New Technologies
Author
  • Ehrhart, Karl-Martin
  • Ott, Marion
Physical Description
  • preprint
Notes
  • Auctions have been developed for economic transactions with asymmetric information and they are the simplest means of price determination for multilateral trading without �market makers.� During the last years, new technologies gave a boost to the development and usage of innovative auction formats in several fields. We explore some of the new possibilities of applications and explain the differences to traditional auction formats. Furthermore, we demonstrate the potentialities of auctions concerning information gaining for the auctioneer as well as for the participating bidders.
  • RePEc:xrs:sfbmaa:04-05
Language
  • English
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