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 |
|---|---|
| Title of host publication | Handbook of Game Theory with Economic Applications |
| Publisher | Elsevier B.V. |
| Pages | 381-453 |
| Number of pages | 73 |
| Edition | 1 |
| DOIs | |
| State | Published - 2015 |
Publication series
| Name | Handbook of Game Theory with Economic Applications |
|---|---|
| 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