Going, Going, Gone! A Swift Tour of Auction Theory and its Applications
| Authors |
|
|---|---|
| Publication date | 2006 |
| Journal | De Economist |
| Volume | Issue number | 154 | 2 |
| Pages (from-to) | 197-249 |
| Number of pages | 53 |
| Organisations |
|
| Abstract | This paper provides a swift tour of auction theory and its applications. Among the questions it considers are: How much do bidders bid in commonly studied single-object auctions? How efficient are these auctions? How much revenue do they generate? Which single-object auction maximizes the seller's expected revenue? What is the best way to auction incentive contracts? And, how efficient and complex are multi-object auctions? |
| Document type | Article |
| Language | English |
| Published at |
https://doi.org/10.1007/s10645-006-9002-5
(Final published version)
|
| Permalink to this page | |