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 … the basic analysis of optimal auctions, the revenue equivalence theorem, and marginal revenues. Subsequent sections …

in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and … argue that auction-theoretic tools and intuitions can provide useful argument and insights in a broad range of mainstream … economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially …

politically important. I illustrate with some disastrous government auctions, but also show the value of economic theory. …

discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction … discuss the current 3G spectrum auctions in Germany and the Netherlands. Auction design is a matter of ‘horses for courses …The most important issues in auction design are the traditional concerns of competition policy-preventing collusive …

changes in the UK auction market for art that is subject to the Droit de Suite (DDS), relative to changes for art not subject … to the DDS, and also relative to changes in the auction markets for art in countries where there has been no change in … impact on the UK art auction market. …

. For any number of objects and bidders, both the pure bundling auction and separate, efficient auctions for the single …We study multi-object auctions where agents have private and additive valuations for heterogeneous objects. We focus on … auctions, pure bundling auctions, mixed bundling auctions, auctions with reserve prices and auctions with pre-packaged bundles …

carry over to the optimal minimum price in independent private value auctions. In addition, they can be fruitfully applied …

This Paper studies scoring auctions, a procedure commonly used to buy differentiated products: suppliers submit offers … provide a systematic analysis of equilibrium behaviour in scoring auctions when suppliers’ private information is … multidimensional (characterization of equilibrium behaviour and expected utility equivalence) and show that scoring auctions dominate …