Auction Theory

Table of Contents

1. Formats

1.1. English Auction

  • Open bid ascending auction

1.2. Dutch Auction

  • Open bid descending auction

1.3. Sealed Bid

1.4. Vickrey Auction

  • Sealed bid

1.5. References

  • The Auction Problem - YouTube
    • William Vickrey. Counterspeculation, auctions, and competitive sealed tenders.
    • Nobel Laureate Milgrom and Wilson for Auction theory

Author: Jeemin Kim

Created: 2026-07-16 Thu 21:35