An introduction to auction theory

Menezes, Flavio M. and Monteiro, Paulo K. An introduction to auction theory. Oxford, United Kingdom: Oxford University Press, 2005. doi:10.1093/019927598X.001.0001

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Author Menezes, Flavio M.
Monteiro, Paulo K.
Title An introduction to auction theory
Place of Publication Oxford, United Kingdom
Publisher Oxford University Press
Publication year 2005
Sub-type Research book (original research)
DOI 10.1093/019927598X.001.0001
Open Access Status
ISBN 019927598X
Language eng
Start page 1
End page 178
Total number of pages 178
Subjects 140104 Microeconomic Theory
Abstract/Summary This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated values models and multi-object auction models are described. A general version of the Revenue Equivalence Theorem is derived and the optimal auction is characterized to relate the field of mechanism design to auction theory.
Keyword Auction theory
Bayesian Nash equilibrium
Revenue Equivalence Theorem
Multiple objects
Private values model
Common values model
Affiliated values model
Q-Index Code A1
Additional Notes Paperback edition printed in 2008.

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Created: Wed, 07 Jan 2009, 10:46:05 EST by Sophie Jordan on behalf of School of Economics