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Auction Theory: a Guide to the Literature.

Abstract:

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 optimal auctions, the revenue equivalence theorem, and marginal revenues. Subsequent sections address risk-...

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Publisher:
CEPR
Volume:
2163
Series:
C.E.P.R. Discussion Papers
Host title:
C.E.P.R. Discussion Papers
Publication date:
1999-01-01
Paper number:
2163
Language:
English
UUID:
uuid:0a760535-c66f-4de6-9827-4910522cea57
Local pid:
oai:economics.ouls.ox.ac.uk:11588
Deposit date:
2011-08-16

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