Economics 2150A/B Study Guide - Quiz Guide: Auction Theory, Dutch Auction, English Auction

• School: Western University
• Department: Economics
• Course: Economics 2150A/B
• Professor: Colin Denniston

Document Summary

There are literally hundreds of other auction formats, like english auction, bisection auction, Because of the lack of time we do not go into detail here. But since the times of ebay, auctions have become quite common. Moreover note that public tenders are nothing else than auctions. The government asks for bids to perform a certain activity. Companies apply and (in most of the cases) the cheapest company gets the contract. For the solution of the exercises you only need the files with following tables (see the last part of the file names, for detailed instruction on the file names read the document general remarks). For each table we provide a short list of the variables and their meaning. Note that we only report the variables which are interesting to you. The others are mainly for the internal organization of the auctions.