Klemperer, Paul - Department of Economics, Oxford University - 1999
This paper, forthcoming in Journal of Economic Surveys, provides an elementary, non-technical, survey of auction theory … a companion book, The Economic Theory of Auctions, Paul Klemperer (ed,), Edward Elgar (pub.), 1999.) We begin with the … most fundamental concepts, and then introduce the basic analysis of optimal auctions, the revenue equivalence theorem, and …