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Auction software

Application software technology for auctions

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  • 5 chapters

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Through Application software, Web server and Online auction

Online Auction companies have opened up their applications to third party application developers to extend the capabilities and increase revenue. API interfaces were developed using XML which enable third party developers to build applications that use the back-end of the online auction.

Economic experiments

Economists use special software to study human behavior in auctions by running auctions in a lab. There are diverse software tools for laboratory economic experiments, which allow fast programming of auctions. For instance, z-Tree programming language allows programming an experimental double auction in less than a day. This practise led to appearance of multiple scientific publications exposing results for generalized second price auctions, Dutch auctions, all-pay auctions and other auction types.

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