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 incentives to organize one auction format over the other. The book emphasizes game …

What are auctions and what is auction theory? -- Why study auction theory? -- The economics behind auctions -- Some … standard results in auction theory -- Auctions: some real-life experiences -- Auctions in India -- Other applications of … auction theory. …