This book provides a comprehensive introduction to modern auction theory and its important new applications. … Zealand's Rights Auction -- 1.2.3 Better Auction Designs -- 1.2.4 The FCC Design and Its Progeny -- 1.3 Comparing Seller ….4 Uniqueness -- 2.5 Disadvantages of the Vickrey Auction -- 2.5.1 Practical Disadvantages -- 2.5.2 Monotonicity Problems -- 2 …

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 …