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Public sale theory has its origins in field of economics. It is said to be an applied branch of the extremely same field. This theory considers the many ways people action in auctions. This theory also explains properties possessed by auction markets. An auction may follow a certain guideline or set of multiple guidelines. Such models of guidelines are known as auction designs. These designs are also an integral part of this specific theory. Public sale theory is said to be a representation of a standard design for real life auctions. This theory particularly targets auction designs for general population sector companies and the utilization of deal of license.
