The paper investigates the revenue and efficiency of different ascending price auction architectures for the sale of three items and five bidders. Four architec
The book elaborates the basic principles of Auction Theory in a non-technical language so as to make them easily accessible to even those not trained in the dis
A seller with two objects faces a group of bidders who are subject to budget constraints. The objects have common values to all bidders, but need not be identic
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose