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Auctions - A Survey

Author

Listed:
  • Boeheim, Rene

    (ESCR, University of Essex)

  • Zulehner, Christine

    (Department of Finance, Institute for Advanced Studies, Vienna)

Abstract

The importance of auction theory has gained increased recognition in the scientific community, the latest recognition being the award of the Nobel price to Vickrey and Mirrlees. Auction theory has been used in quite different fields, both theoretically and empirically. This paper connects recent developments in theoretical and empirical works, providing a survey about theoretical, empirical, and experimental results.

Suggested Citation

  • Boeheim, Rene & Zulehner, Christine, 1996. "Auctions - A Survey," Economics Series 39, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihsesp:39
    as

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    File URL: http://www.ihs.ac.at/publications/eco/es-39.pdf
    File Function: First version, 1996
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    References listed on IDEAS

    as
    1. Paul R. Milgrom, 1985. "Auction Theory," Cowles Foundation Discussion Papers 779, Cowles Foundation for Research in Economics, Yale University.
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    15. Paarsch, H.J., 1992. "Empirical Models of Auctions and an Application to British Columbian Timber Sales," UWO Department of Economics Working Papers 9212, University of Western Ontario, Department of Economics.
    16. Kagel, John H & Harstad, Ronald M & Levin, Dan, 1987. "Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study," Econometrica, Econometric Society, vol. 55(6), pages 1275-1304, November.
    17. Kagel, John H & Levin, Dan, 1993. "Independent Private Value Auctions: Bidder Behaviour in First-, Second- and Third-Price Auctions with Varying Numbers of Bidders," Economic Journal, Royal Economic Society, vol. 103(419), pages 868-879, July.
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    28. Kagel, John H. & Levin, Dan, 1986. "The Winner's Curse and Public Information in Common Value Auctions," American Economic Review, American Economic Association, vol. 76(5), pages 894-920, December.
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    35. repec:adr:anecst:y:1994:i:34:p:04 is not listed on IDEAS
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    More about this item

    Keywords

    Auction Theory; Information and Uncertainty; Asymmetric and Private Information;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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