Auction Theory

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August 31, 2024 4 min read Definitions
English Auction: Classic Auction Method
Economics Finance Auctions English Auction Auction Methods Bidding Strategies Auction Theory Economic Models
An English auction is a traditional auction format where an auctioneer announces a low starting price, and potential buyers place increasingly higher bids until no further bids are made. The highest bidder wins the item.
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August 31, 2024 4 min read Definitions
Second-Price Auction: Auction Strategy and Insights
Economics Finance Auction Theory Game Theory Bid Strategies Market Mechanisms Vickrey Auction
A comprehensive guide to understanding second-price auctions, their mechanics, historical context, key events, importance, applicability, and much more.
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August 24, 2024 3 min read Definitions
Winner's Curse: Definition, Mechanism, Causes, and Practical Example
Economics Finance Auction Theory Bidding Strategy Market Behavior Valuation Economic Phenomena
A comprehensive exploration of the Winner's Curse, detailing its definition, underlying mechanism, contributing factors, and a practical example. Understand the implications and real-world applicability of this auction phenomenon.
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