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 arguments 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.
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Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number
001.
Find related papers by JEL classification: D44 - Microeconomics - - Market Structure and Pricing - - - Auctions L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
H. Peter Møllgaard & Per Baltzer Overgaard, 1999.
"Market Transparency: A Mixed Blessing?,"
CIE Discussion Papers
1999-15, University of Copenhagen. Department of Economics. Centre for Industrial Economics, revised Feb 2000.
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