From the auctioneer to the net: old and new issues in internet auctions
The paper presents a survey of theoretical and applied literature on internet auctions. On-line auctions represents an example of how new and flexible exchange procedures can be designed and offered to users of the net. New auction rules designed for internet auctions stimulated new theoretical and empirical research. In the paper, both theoretical and empirical aspects of market design will be considered in the light of the old and new auction literature
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