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 … number of bidders, collusion, multi-unit auctions, double auctions, royalties, incentive contracts, payments for quality …

. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the …

Auctions used to sell houses often attract a diverse group of bidders, with realtors and speculators out for a bargain …, we consider premium auctions like the one in Amsterdam and demonstrate their revenue-generating virtues in asymmetric … auctions in symmetric and asymmetric settings. The introduction of a premium leads weak bidders to set an endogenous reserve …

number of bids submitted or the bidding patterns observed relative to the control group of auctions held under a uniform …

contrast to the costless information case. Moreover, for a wide class of auctions if the cost of information is not …

, look like auctions. We also discuss some more obvious applications, especially to industrial organization. …