Auction Theory

Introductory Exercises with Answer Keys

Inbunden, Engelska, 2025

Av Pak-Sing Choi, Felix Munoz-Garcia

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The book begins with a discussion of second-price auctions, which can be studied without using calculus, and works through progressively more complicated auction scenarios: first-price auctions, all-pay auctions, third-price auctions, the Revenue Equivalence principle, common-value auctions, multi-unit auctions, and procurement auctions.

Produktinformation

Utgivningsdatum2025-07-19
Mått155 x 235 x 27 mm
Vikt744 g
FormatInbunden
SpråkEngelska
SerieSpringer Texts in Business and Economics
Antal sidor370
Upplaga2
FörlagSpringer International Publishing AG
ISBN9783031932700

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Pak-Sing Choi is assistant professor of economics at the Graduate Institute of Industrial Economics of National Central University, Taiwan. His research focuses on the effect of environmental regulation on industrial organization under asymmetric information.Felix Munoz-Garcia is professor of economics at Washington State University (US). His research focuses on industrial organization, game theory, and their applications to environmental regulation in contexts where firms, government agencies, or both, are imperfectly informed.

Chapter1: Second Price Auctions.- Chapter2:First Price Auctions.- Chapter3: First Price Auctions Extensions.- Chapter4: All Pay Auctions and Auctions with Asymmetrically InformedBidders.- Chapter5: Third Price Auctions kth Price Auctions and Lotteries.- Chapter6: The Revenue Equivalence Principle.- Chapter7: Common Value Auctions.- Chapter8: Multi Unit Auctions.- Chapter9: Mechanism Design.- Chapter10: Procurement Auctions.