critical papers in the subject. The most important of these are reproduced in a companion book, The Economic Theory of Auctions … the basic analysis of optimal auctions, the revenue equivalence theorem, and marginal revenues. Subsequent sections … address risk-aversion, affiliation, asymmetries, entry, collusion, multi-unit auctions, double auctions, royalties, incentive …

economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially …

, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we … discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction … – a hybrid of the sealed-bid and ascending auctions may often perform better. However, everything depends on the details …

This paper studies multiple object auctions when there are two kinds of bidders: those interested in the bundle being …-price auctions allows the implementation of the optimal mechanism, while a combination of first-price auctions does not. …

to study the course allocation mechanism used at Harvard Business School. We show that the mechanism is manipulable in …

numerical benchmark to study practical and simple buying procedures such as scoring auctions and negotiation. Specifically, we … scoring auctions are able to extract a good proportion of the surplus from being a strategic buyer, that is, the difference …

numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …