Based Decision Strategy To Recruit Bidders In The Auction Trading System By Way Of Auction

The theory and application of the auction is an important branch of economics,its content involves two respects research,that is quality analysis and quantity analysis. It is quite late for the auction theory to enter economics documents.With the appearance of the game theory and its extensive application,the auction theory had got a considerable development. Now,the auction form is more and more,in the mean time,its position is more and more important. So, the theory and application of the auction is a question that is worth studying. The thesis, from two angles of auctioneer and bidder, studies their decision-making problem in the four standard auctions.Then, several special topics are studied.At last,the decision-making problem in double auction is studied.The double auction is a auction form that is different to traditional auction. The thesis is divided into six chapters: The preface elaborates the purpose of the research and the development of present research. Then , the basis of studying,that is Game Theory,is introduced.In the second chapter, based on Game Theory and the seven suppose in the Benchmark Model,the bidding strategy of the bidder in the four standard auction is elaborated.In the third chapter, payoff of the auctionner in the traditional auction is further studied.Then, in the fourth chapter, several decision-making model and optimal reservation value of auctionner are studied.In the fifth charter,bidding strategy in a special auction form,that is double auction,is analysed.In the last chapter,the innovation and further studies of the thesis are discussed.