1980/02/01 by Richard Engelbrecht-Wiggans, Richard Engelbrecht‐Wiggans · 216 citations
Arts and Humanities · Business, Management and Accounting · Decision Sciences · Engineering · Mathematics · #Algorithm #Art History and Market Analysis #Auction Theory and Applications #Bibliography #Bidding #Common value auction #Computer science #Consumer Market Behavior and Pricing #Ebidding #Economics #Engineering #Mathematical economics #Mathematics #Microeconomics #Operations research #State (computer science) #Work (physics)
paper · doi:10.1287/mnsc.26.2.119
published in Management Science 26(2), 119-142 (Institute for Operations Research and the Management Sciences)
openalex publication_date 1980/02/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Auctions and bidding models are attracting an ever increasing amount of attention. The Stark and Rothkopf (Stark, R. M., M. H. Rothkopf. 1979. Competitive bidding: a comprehensive bibliography. Oper. Res. 27 (2) 364–390.) bibliography includes approximately 500 works in the area. Additional work has appeared since the bibliography was compiled. This paper surveys the main theoretical results and research efforts of the literature on auctions and bidding. A framework is presented for classifying and describing various auctions and bidding models based on the types of assumptions made for the models' various parameters. The major works, ideas, and results of the literature are surveyed in terms of this framework.