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Auction Theory

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Author Info

  • Paul R. Milgrom

    (Yale University)

Abstract

This paper discusses two central questions: Why do auction institutions continue to be so popular after thousands of years? and What accounts for particular details, like the popularity of sealed bid and ascending-bid auctions?

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File URL: http://cowles.econ.yale.edu/P/cd/d07b/d0779.pdf
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Bibliographic Info

Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 779.

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Length: 53 pages
Date of creation: Nov 1985
Date of revision:
Publication status: Published in Truman Bewley (ed.), Advances in Economic Theory: Fifth World Congress, Cambridge University Press, 1987, pp. 1-32
Handle: RePEc:cwl:cwldpp:779

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Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
Phone: (203) 432-3702
Fax: (203) 432-6167
Web page: http://cowles.econ.yale.edu/
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

Related research

Keywords: Auction theory; sealed-bid auctions; ascending-bid auctions;

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