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@article{(International Science Index):http://waset.org/publications/5895,
  title    = {Auction Theory: Bidder-s Perspective in a Public Out-Cry English Auction},
  author    = {Jagannath Aryal and  Don Kulasiri and  Garth A. Carnaby},
  country   = {},
  abstract  = {This paper provides an overview of auction theory
literature. We present a general review on literature of various
auctions and focus ourselves specifically on an English auction. We
are interested in modelling bidder-s behavior in an English auction
environment. And hence, we present an overview of the New Zealand
wool auction followed by a model that would describe a bidder-s
decision making behavior from the New Zealand wool auction. The
mathematical assumptions in an English auction environment are
demonstrated from the perspective of the New Zealand wool auction.},
    journal   = {International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering},  volume    = {2},
  number    = {3},
  year      = {2008},
  pages     = {169 - 173},
  ee        = {http://waset.org/publications/5895},
  url       = {http://waset.org/Publications?p=15},
  bibsource = {http://waset.org/Publications},
  issn      = {eISSN:1307-6892},
  publisher = {World Academy of Science, Engineering and Technology},
  index     = {International Science Index 15, 2008},