Auction Theory
Written by Introbooks Team
Narrated by Andrea Giordani
()
About this audiobook
This theory finds its origins in field of economics. It is said to be an applied branch of the very same field. In this theory, many ways in which people act in auctions are included. This theory also describes properties possessed by auction markets. An auction may follow a certain rule or set of multiple rules. Such sets of rules are known as auction designs. These designs are also a part of this particular theory. Auction theory is said to be a representation of a standard and utilized design for real life auctions. This theory particularly targets auction designs for public sector companies and the use of sale of license.
Some main parts of this broad theory about auctions may also include the following:
- Efficiency
- Optimal bidding strategies
- Revenue comparison
Every individual that is familiar with economics or is building up his career in the field of economy or corporate is most likely to be very much familiar with the term auction. Auction is indeed a simpler term to understand. Main goal of auction is to put an effort to sell selective stuff at a most convincing and affordable rate according to sellers prospective. This statement can be said most simple definition for auction. According to a more descriptive and professional definition, Auction is a public or private sale (In many cases) in which the sellers makes a deal with the bidder that offers highest amount for the respective stuff. Some experts also consider that auction can be called a system for selling since it is holds a well-structured format. According to this theory or concept, the definition for auction is, ‘It is a system, in which competitive bids from potential buyers are placed on stuffs that is put for sale. The selling item can be a property or even goods. The goods are handed over to the highest bidder in exchange of the price that he previously offered for the very same item. Both seller and buyer [in most cases it is seller only] have to pay a small fee to the auctioneer for listing the item. Usually, sellers pays the fees for listing the item in particular auction and buyer pays entry fees o get the right to bid from the auctioneer. Once the deal has been finalized or bids have put on the item, seller have no right to refuse to pay the fees in any terms, not even if the item is not sold at a desired price or revenue. Most of the modern auctioneers make a legal contract with both sellers and bidders so they are not caught in such situation where buyer and sellers make a deal and refuse to pay fees for their services or intermediation, whatever it is called.
All the concepts that are related to auction in any way are included in Auction theory. Like any other theories, it explains all terms related to the field while making sure that the description is much likely related to the main subject.
More audiobooks from Introbooks Team
Agile Project Management Explained Rating: 5 out of 5 stars5/5Digital Minimalism Rating: 4 out of 5 stars4/5Game Theory Basics Explained Rating: 3 out of 5 stars3/5Game Theory and Strategy Explained Rating: 4 out of 5 stars4/5Nuclear Physics Rating: 0 out of 5 stars0 ratingsMusic Theory Rating: 4 out of 5 stars4/5History of Israel – Palestine Conflict Rating: 4 out of 5 stars4/5Learn and Understand Business Analysis Rating: 4 out of 5 stars4/5History of Palestine Rating: 4 out of 5 stars4/5Probability Theory Rating: 4 out of 5 stars4/5Statistics Crash Course Rating: 4 out of 5 stars4/5Lean Manufacturing Explained Rating: 5 out of 5 stars5/5Quantum Computing Rating: 4 out of 5 stars4/5Data Analysis Rating: 4 out of 5 stars4/5Basics of Statistics Explained Rating: 4 out of 5 stars4/5Systems Theory Rating: 4 out of 5 stars4/5Federal Reserve System Rating: 4 out of 5 stars4/5Hegelian Dialectic Rating: 5 out of 5 stars5/5Game Theory for Business: How Successful Entrepreneurs Apply Game Theory in Their Businesses Rating: 4 out of 5 stars4/5Design Thinking Rating: 4 out of 5 stars4/5Managerial Accounting Rating: 3 out of 5 stars3/5Operations Management Crash Course Rating: 5 out of 5 stars5/5Dark Matter Theory Rating: 5 out of 5 stars5/5Mechatronics Rating: 4 out of 5 stars4/5History of Modern Art Rating: 4 out of 5 stars4/5Lean Project Management Explained Rating: 4 out of 5 stars4/5Balanced Scorecard for Performance Measurement Rating: 4 out of 5 stars4/5The Pareto Principle Rating: 4 out of 5 stars4/5Why Startups Fail: Deadly Mistakes of Business Startup Founders Explained Rating: 4 out of 5 stars4/5Positive Intelligence Rating: 4 out of 5 stars4/5
Related to Auction Theory
Related audiobooks
Trading Beyond the Matrix: The Red Pill for Traders and Investors Rating: 4 out of 5 stars4/5The High Probability Options Trader: Winning Strategies to Take You to the Next Level Rating: 0 out of 5 stars0 ratingsMillionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game Rating: 5 out of 5 stars5/5DAY TRADING OPTIONS For Beginners: Strategies to INVEST and WIN Rating: 1 out of 5 stars1/5Forex Trading The ultimate guide for beginners Rating: 5 out of 5 stars5/5Economic Analysis Explained Rating: 0 out of 5 stars0 ratingsOption Volatility and Pricing: Advanced Trading Strategies and Techniques Rating: 4 out of 5 stars4/5High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders Rating: 0 out of 5 stars0 ratingsCommodity Trading Rating: 4 out of 5 stars4/5Option Trading: A complete guide with strategies to start making money and become a successful investor Rating: 2 out of 5 stars2/5Stock Trading Rating: 5 out of 5 stars5/5How to Profit in the Stock Market Rating: 0 out of 5 stars0 ratingsDay Trading: The Secrets of Stocks, Forex and Commodities Exchanges for Day Trading for Profit Rating: 2 out of 5 stars2/5DAY TRADING: Discover the Secrets of Stocks, Forex and Commodities Exchanges for Day Trading for Profit Rating: 0 out of 5 stars0 ratingsCommodities For Dummies, 3rd Edition Rating: 5 out of 5 stars5/5Learn and Understand Forex Trading Rating: 4 out of 5 stars4/5The Formula For Success: How to Win at Life Using Your Own Personal Algorithm Rating: 5 out of 5 stars5/5AbleTrend: Identifying and Analyzing Market Trends for Trading Success Rating: 3 out of 5 stars3/5The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund Rating: 4 out of 5 stars4/5Algorithmic Trading Rating: 4 out of 5 stars4/5The Unrules: Man, Machines and the Quest to Master Markets Rating: 4 out of 5 stars4/5The Evolution of Technical Analysis: Financial Prediction from Babylonian Tablets to Bloomberg Terminals Rating: 4 out of 5 stars4/5Good Derivatives: A Story of Financial and Environmental Innovation Rating: 0 out of 5 stars0 ratingsHedging Demystified: How to Balance Risk and Protect Profit Rating: 4 out of 5 stars4/5
Business For You
How To Win Friends And Influence People Rating: 4 out of 5 stars4/5The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Think Faster, Talk Smarter: How to Speak Successfully When You're Put on the Spot Rating: 4 out of 5 stars4/5How to Manage Your Money When You Don't Have Any Rating: 4 out of 5 stars4/5Seeing What Others Don't: The Remarkable Ways We Gain Insights Rating: 4 out of 5 stars4/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5The Charisma Myth: How Anyone Can Master the Art and Science of Personal Magnetism (Intl Ed) Rating: 5 out of 5 stars5/5Silva Mind Control Method Of Mental Dynamics Rating: 5 out of 5 stars5/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Win Every Argument: The Art of Debating, Persuading, and Public Speaking Rating: 5 out of 5 stars5/5Extreme Ownership: How U.S. Navy SEALs Lead and Win Rating: 5 out of 5 stars5/5The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy Rating: 5 out of 5 stars5/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 5 out of 5 stars5/5The Sociopath Next Door: The Ruthless Versus the Rest of Us Rating: 4 out of 5 stars4/5You Will Own Nothing: Your War with a New Financial World Order and How to Fight Back Rating: 4 out of 5 stars4/5Elon Musk Rating: 5 out of 5 stars5/5The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5Getting Things Done: The Art of Stress-Free Productivity Rating: 4 out of 5 stars4/5Algorithms to Live By: The Computer Science of Human Decisions Rating: 4 out of 5 stars4/5The Art of Happiness: A Handbook for Living Rating: 4 out of 5 stars4/5The Artist's Way at Work: Riding the Dragon: Twelve Weeks to Creative Freedom Rating: 4 out of 5 stars4/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5How To Lie With Statistics Rating: 4 out of 5 stars4/5The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy Rating: 5 out of 5 stars5/5The Catalyst: How to Change Anyone's Mind Rating: 5 out of 5 stars5/5Essentialism by Greg McKeown - Book Summary: The Disciplined Pursuit of Less Rating: 5 out of 5 stars5/5Factfulness: Ten Reasons We're Wrong About the World--and Why Things Are Better Than You Think Rating: 4 out of 5 stars4/5
Reviews for Auction Theory
0 ratings0 reviews