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Advances in Auctions

Author Info

Listed author(s):
  • Todd R. Kaplan

    (Department of Economics, University of Exeter and University of Haifa)

  • Shmuel Zamir

    (Department of Economics, University of Exeter and the Center for the Study of Rationality, The Henrew University of Jerusalem, Israel)

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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File URL: http://people.exeter.ac.uk/cc371/RePEc/dpapers/DP1405.pdf
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Paper provided by Exeter University, Department of Economics in its series Discussion Papers with number 1405.

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Date of creation: 2014
Handle: RePEc:exe:wpaper:1405
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Web page: http://business-school.exeter.ac.uk/about/departments/economics/

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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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Find related papers by JEL classification:
  • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
  • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
  • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
  • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement

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Cited by:

  1. Dirk Bergemann & Benjamin Brooks & Stephen Morris, 2015. "First Price Auctions with General Information Structures: Implications for Bidding and Revenue," Cowles Foundation Discussion Papers 2018R3, Cowles Foundation for Research in Economics, Yale University, revised Sep 2016.

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