Auction theory

  • Introduction
  • Single-Object Auctions
    • Second-Price Auctions, First-Price Auctions
    • Revenue comparison
    • Reserve prices
  • The Revenue Equivalence Principle
    • Applications: unusual auctions
    • Applications: uncertain number of bidders
  • Risk-Averse bidders, budget constraints, asymmetries among bidders
  • Mechanism Design
    • Mechanism (The Revelation Principle, IC, IR)
    • Optimal Mechanisms
    • Efficient Mechanisms
  • Auctions with interdependent value
    • Second-Price Auctions, First-Price Auctions, English Auctions
    • Revenue comparison
    • Efficiency