Paul Klemperer : Auctions : Theory and Practice
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منابع مشابه
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.), forthcoming.) We begin with the most fundamental concepts, and then introduce the basic analysis of optima...
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We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so indicate where further research may be warranted. We discuss identi cation and estimation issues, with an em...
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In many policy contexts, efficiency is the primary consideration in structuring auctions. In this paper, we survey several sources of inefÞciency arising in auctions. We Þrst highlight the effects of demand reducing incentives, both in theory and in practice, in multi-unit auctions. Next, we study inefficiencies arising from interdependence in bidder valuations. Again, we highlight both theoret...
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