Going, Going, Gone! A Swift Tour of Auction Theory and its Applications
| Authors |
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| Publication date |
2006
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| Journal |
De Economist
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| Volume | Issue number |
154 | 2
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| Pages (from-to) |
197-249
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| Number of pages |
53
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
|
| 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?
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| Document type |
Article
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| Language |
English
|
| Published at |
https://doi.org/10.1007/s10645-006-9002-5
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