Chapter 1: Second-price auctions -- Chapter 2: First-price auctions -- Chapter 3: First-price auctions, Extensions -- Chapter 4: All-pay auctions and auctions with asymmetrically informed bidders -- Chapter 5: Third-price auctions, kth-price auctions, and lotteries -- Chapter 6: The Revenue...

This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on practical examples, this textbook offers over 80 exercises that predict bidders’ equilibrium behaviour in different auction formats, along with the seller’s strategic...