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Types of Electronic Auctions

  • Martin Reck

Abstract

Auctions as social processes and special types of markets have process rules that determine price determination. These rules allow to distinguish auctions and other markets as well as to classify auction types. Formal specifications of electronic auctions which mimic their classical counterparts can be given by use of trace specifications. For system implementations, e.g. systems in the tourist industry, these specifications can be used as starting points for system developments.

Keywords

Market Participant Reserve Price Order Book English Auction Trace Specification 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag/Wien 1994

Authors and Affiliations

  • Martin Reck
    • 1
  1. 1.Hochschule St.GallenSwitzerland

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