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auction-house

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Auctions are among the oldest economic institutions in place and they are still in use. In this dissertation, we explore the efficiency of common auctions when values are interdependent. The value to a particular bidder may depend on information available only to others and asymmetric. In this setting, it is well known that sealed-bid auctions d…

  • Updated May 17, 2022
  • Java

The program implements the similar functionalities of an auction house by offering customers the opportunity to view various products put up for auction, so that later through a broker who retains a commission, they can participate in the auction for various products they want. At the same time the administrators of such a system can add new pro…

  • Updated Mar 7, 2021
  • Java

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