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...

Our research analyzes the design of an auction model for railway transportation on the South-East Railway of Peru, managed by Ferrocarril Transandino S.A. (Fetransa) and operated by PeruRail. Initially, the regulatory framework aimed to promote competition in railway transportation through...

Chapter1: Second Price Auctions -- Chapter2:First Price Auctions -- Chapter3: First Price Auctions Extensions -- Chapter4: All Pay Auctions and Auctions with Asymmetrically Informed Bidders -- Chapter5: Third Price Auctions kth Price Auctions and Lotteries -- Chapter6: The Revenue Equivalence...