Why every Economist should Learn some Auction Theory
Abstract
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can provide useful argument and insights in a broad range of mainstream economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially to industrial organization.Download Info
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Bibliographic Info
Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2572.Length:
Date of creation: Oct 2000
Date of revision:
Handle: RePEc:cpr:ceprdp:2572
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Related research
Keywords: Auction Theory; Auctions; Bertrand; Bidding; Brand Loyalty; Common Values; E-Commerce; Electricity; Financial Crashes; Litigation; Mechanism Design; Perfect Competition; Private Values; Queues; Spectrum Auctions; Stock Markets; Treasury Auctions; War Of Attrition;Other versions of this item:
- Paul Klemperer, 2000. "Why Every Economist Should Learn Some Auction Theory," Microeconomics 0004009, EconWPA.
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D45 - Microeconomics - - Market Structure and Pricing - - - Rationing; Licensing
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies
- K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
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