I present an overview of what has been the theoretical analysis of auctions in the last two decades. The goal is to offer a systematic exposition of the main issue addressed by this literature with more emphasis on why than on what. For that, I present a unified framework that takes the reader through the analysis of both design questions and positive ones dealing with the workings of several standard institutions. At the end of the tour, the reader will find him or herself inside the realm of market design and the theory of price formation.AUCTIONS
This paper describes basic auction concepts, and provides a summary of the theory in this area, part...
This thesis is a collection of six papers in auction theory, with several economic applications, bot...
For centuries, auctions have been used as an efficient market mechanism for selling or procuring goo...
In this master’s theses I will take a look at the interesting world of auctions. The first part of m...
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric ...
Auctions are highly structured market transactions primarily used in thin markets (markets with few ...
We describe the economics literature on auction markets, with an emphasis on the connection between ...
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric ...
This paper, forthcoming in Journal of Economic Surveys, provides an elementary non-technical, survey...
Governments use them to sell everything from oilfields to pollution permits, and to privatize compan...
In many markets, transaction prices are determined in auctions. In the most common form, prospective...
We describe the economics literature on auction markets, with an emphasis on the connection between ...
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric ...
Auction theory is a branch of game theory that considers human behavior in auction markets and the e...
Despite growing interest in traditional and Internet auctions, the marketing literature on auctions ...
This paper describes basic auction concepts, and provides a summary of the theory in this area, part...
This thesis is a collection of six papers in auction theory, with several economic applications, bot...
For centuries, auctions have been used as an efficient market mechanism for selling or procuring goo...
In this master’s theses I will take a look at the interesting world of auctions. The first part of m...
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric ...
Auctions are highly structured market transactions primarily used in thin markets (markets with few ...
We describe the economics literature on auction markets, with an emphasis on the connection between ...
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric ...
This paper, forthcoming in Journal of Economic Surveys, provides an elementary non-technical, survey...
Governments use them to sell everything from oilfields to pollution permits, and to privatize compan...
In many markets, transaction prices are determined in auctions. In the most common form, prospective...
We describe the economics literature on auction markets, with an emphasis on the connection between ...
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric ...
Auction theory is a branch of game theory that considers human behavior in auction markets and the e...
Despite growing interest in traditional and Internet auctions, the marketing literature on auctions ...
This paper describes basic auction concepts, and provides a summary of the theory in this area, part...
This thesis is a collection of six papers in auction theory, with several economic applications, bot...
For centuries, auctions have been used as an efficient market mechanism for selling or procuring goo...