the strong connections between auction theory and "standard" economic theory, and argue that auction-theoretic tools and …, look like auctions. We also discuss some more obvious applications, especially to industrial organization. …

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 …

The asymmetry or counter-cyclical nature and its influence on the persistence of the number of registered unemployed is …

asset that is too large or too risky for a single individual or financial institution so that an auction method is not … and a SS is provided. The difference between an auction scheme and a subscription scheme is discussed. …

We analyze competitive pressures in a sequence of auctions with a growing number of bidders, in a model that includes … private and common valuations as special cases. We show that the key determinant of bidders' surplus (and implicitly auction … revenue) is how the goods are distributed. In any setting and sequence of auctions where the allocation of good(s) is …

We study the influence of product market competition on the first-price sealed auction and the English ascending … auction with independent cost types. Bidders, valuing the license basing on the information released in the first stage … thus how much to bid, but also the information released in the auction when they win. As in the English ascending auction …