Abstract
As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a selective update of some of the developments and applications of auction theory in the two decades since Wilson (1992) wrote the previous Handbook chapter on this topic.
Original language | English |
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Title of host publication | Handbook of Game Theory with Economic Applications |
Publisher | Elsevier |
Pages | 381-453 |
Number of pages | 73 |
Edition | 1 |
DOIs | |
State | Published - 2015 |
Publication series
Name | Handbook of Game Theory with Economic Applications |
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Number | 1 |
Volume | 4 |
ISSN (Print) | 1574-0005 |
Bibliographical note
Publisher Copyright:© 2015 Elsevier B.V.
Keywords
- All-pay auctions
- Auctions
- Dynamic auctions
- Monotone equilibrium
- Multiunit auctions
- Position auctions
- Private-value auctions
- Resale
- Spectrum auctions
ASJC Scopus subject areas
- Statistics and Probability
- Economics and Econometrics
- Statistics, Probability and Uncertainty
- Applied Mathematics