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Advances in Auctions

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  • Kaplan, Todd R
  • Zamir, Shmuel

Abstract

As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a selective update of some of the developments and applications of auction theory in the two decades since Wilson (1992) wrote the previous Handbook chapter on this topic.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 54656.

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Date of creation: 20 Mar 2014
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Handle: RePEc:pra:mprapa:54656

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Keywords: Auctions; Private-Value Auctions; Multi-Unit Auctions; All-Pay Auctions; Resale; Position Auctions; Dynamic Auctions; Spectrum Auctions; Monotone Equilibrium;

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