Date of Award

Fall 12-1-2009

Document Type

Thesis

Degree Name

Master of Science in Information Systems (MSIS)

First Advisor

Ronghua Shan

Second Advisor

Stephen Krebsbach

Third Advisor

Mark Moran

Abstract

Auctions are among the oldest economic institutions in place. They have been used since antiquity to sell a wide variety of goods, and their basic form has remained unchanged. 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 do not achieve efficient allocations in general since they do not allow the information held by different bidders to be shared. Auction & Bid Watching concept deals with the Online Auction & Bidding concept. It is used to bid from the comfort of one's own home has seen a change like never seen before. This is done through JAVA technologies. It includes WINDOWS XP as the Operating System, SQL SERVER as Database. The front end deals with GUI and source code deals with SQL SERVER (Backend). With the point and click of the mouse, one can view all the product information for the auction like the product code, product name, initial bid amount, quantity etc, and in moments they find that either they are the top bidder or someone else wants it more, while meeting the needs of its users .. When the bidding time is over }he product is held in reserve (sold) to the member who had made the highest bid amount. The information about the product and their minimum bidding amount are updated by the customs bureaucrat who is responsible for all these types of administrative works.

Comments

dsu-th-214

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