Auction Theory: A Guide to the Literature.
This paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer [ed.], Edward Elgar [pub.], forthcomi...
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| Format: | Journal article |
| Language: | English |
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1999
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| _version_ | 1797103414922969088 |
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| author | Klemperer, P |
| author_facet | Klemperer, P |
| author_sort | Klemperer, P |
| collection | OXFORD |
| description | This paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer [ed.], Edward Elgar [pub.], forthcoming.); We begin with the most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and marginal revenues. Subsequent sections address risk-aversion, affiliation, asymmetries, entry, collusion, multi-unit auctions, double auctions, royalties, incentive contracts, and other topics. Appendices contain technical details, some simple worked examples, and a bibliography for each section. |
| first_indexed | 2024-03-07T06:19:51Z |
| format | Journal article |
| id | oxford-uuid:f25be924-86ab-4d87-93a3-886129248c13 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:19:51Z |
| publishDate | 1999 |
| record_format | dspace |
| spelling | oxford-uuid:f25be924-86ab-4d87-93a3-886129248c132022-03-27T12:03:07ZAuction Theory: A Guide to the Literature.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:f25be924-86ab-4d87-93a3-886129248c13EnglishDepartment of Economics - ePrints1999Klemperer, PThis paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer [ed.], Edward Elgar [pub.], forthcoming.); We begin with the most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and marginal revenues. Subsequent sections address risk-aversion, affiliation, asymmetries, entry, collusion, multi-unit auctions, double auctions, royalties, incentive contracts, and other topics. Appendices contain technical details, some simple worked examples, and a bibliography for each section. |
| spellingShingle | Klemperer, P Auction Theory: A Guide to the Literature. |
| title | Auction Theory: A Guide to the Literature. |
| title_full | Auction Theory: A Guide to the Literature. |
| title_fullStr | Auction Theory: A Guide to the Literature. |
| title_full_unstemmed | Auction Theory: A Guide to the Literature. |
| title_short | Auction Theory: A Guide to the Literature. |
| title_sort | auction theory a guide to the literature |
| work_keys_str_mv | AT klempererp auctiontheoryaguidetotheliterature |