Book of Donmon Teith

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose

Table of contents

Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models b

An international team of experts covers the pros and cons of different auction formats and lessons learned in the field.

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 cha