- Going, Going, Gone! A Swift Tour of Auction Theory and its Applications
- De Economist
- Volume | Issue number
- 154 | 2
- Number of pages
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
- This paper provides a swift tour of auction theory and its applications. Among the questions it considers are: How much do bidders bid in commonly studied single-object auctions? How efficient are these auctions? How much revenue do they generate? Which single-object auction maximizes the seller's expected revenue? What is the best way to auction incentive contracts? And, how efficient and complex are multi-object auctions?
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