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Advances in Auctions

  • Todd R. Kaplan
  • Shmuel Zamir

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 The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem in its series Discussion Paper Series with number dp662.

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Length: 73 pages
Date of creation: Mar 2014
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Publication status: Forthcoming as a chapter in the Handbook of Game Theory, Volume 4, edited by Peyton Young and Shmuel Zamir, Elsevier (2014). Shmuel Zamir, Elsevier (2014).
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