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Auction Theory
Develops the main concepts of auction theory from scratch in a self-contained and theoretically rigorous manner
Vijay Krishna (Author)
9780123745071, Elsevier Science
Hardback, published 28 September 2009
336 pages
22.9 x 15.1 x 2.4 cm, 0.6 kg
"Krishna’s superb Auction Theory is an ideal text and reference because his clear and precise exposition distills the vast literature and provides excellent motivation, examples, exercises, and connections to commercial applications." --Robert B. Wilson, Stanford University "On its publication in 2002, Vijay Krishna's book immediately became a central reference in auction theory. But the subject has continued to develop, and so we're very fortunate that Krishna has now updated the text." --Eric Maskin, Institute for Advanced Study, Nobel Laureate in Economics
Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna’s ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions.
I Single Object Auctions Private Value Auctions The Revenue Equivalence Principle Qualifications and Extensions Mechanism Design Auctions with Interdependent Values The Revenue Ranking ("Linkage") Principle Asymmetries and Other Complications Efficiency and the English Auction Mechanism Design with Interdependent Values Bidding Rings II Multiple Object Auctions An Introduction to Multiple Object Auctions Equilibrium and Efficiency with Private Values Some Revenue Considerations Sequential Sales Nonidentical Objects Packages and Positions Multiple Objects and Interdependent Values III Appendices Continuous Distributions Stochastic Orders Order Statistics Affiliated Random Variables Some Linear Algebra
Subject Areas: Investment & securities [KFFM], Finance [KFF], Economic theory & philosophy [KCA]
