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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 ris...

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Paul Klemperer More by this author
Journal:
Journal of Economic Surveys
Volume:
13
Publication date:
1999
URN:
uuid:f25be924-86ab-4d87-93a3-886129248c13
Local pid:
oai:economics.ouls.ox.ac.uk:10958
Language:
English

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