A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to … variability bidders. The work contributes to the body of knowledge on the economic theory of auctions by closing some of the gap … between theory and practice. …

Economic theory is often abused in practical policy-making. There is frequently excessive focus on sophisticated theory … at the expense of elementary theory; too much economic knowledge can sometimes be a dangerous thing. Too little attention … politically important. I illustrate with some disastrous government auctions, but also show the value of economic theory. …

This paper, forthcoming in Journal of Economic Surveys, provides an elementary, non-technical, survey of auction theory … a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub.), 1999.) We begin with the …, budget constraints, externalities, testing the theory, and other topics. Appendices contain technical details, some simple …

lens of auction theory. The result is this book, in which Steiglitz shows us how human behaviors in open markets like eBay … can be substantially more complex than those predicted by standard economic theory. In these pages we meet the sniper who … strategies and introduces readers to the fundamentals of auction theory and the mathematics behind eBay. Complete with exercises …

This book is a non-technical introduction to auction theory; its practical application in auction design (including … many examples); and its uses in other parts of economics. It can be used for a graduate course on auction theory, or – by … theory. Part B shows how modern auction-theoretic tools illuminate a range of mainstream economic questions that are …