Telecom spectrum is a scarce natural resource whose misallocation is likely to have adverse impact on an economy. It is therefore crucial for a country to ensure efficient allocation of telecom spectrum. Although there are different methods of allocating spectrum, auction as a method of spectrum...

For certain types of goods, the multiple unit auctions have to be conducted sequentially. One probable reason for this is that the different units of the goods are not available together for putting up for sale. This might happen when the objects are available in batches to the auctioneer and do...

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.