Cover -- Half-title -- Title -- Copyright -- Table of Contents -- Preface -- Foreword -- CHAPTER ONE: Getting to Work -- 1.1 Politics Sets the Stage -- 1.2 Designing for Multiple Goals -- 1.2.1 Substitutes and Complements -- 1.2.2 New Zealand's Rights Auction -- 1.2.3 Better Auction Designs --...

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...