Oliver Kirchkamp

EC4203: Contemporary issues

PMT: Shane Bonetti

Part 5: Auctions

Timetable
Thu 23 March, 12 noon
Essay 1 due
Thu 13 April
Poster (Handout)
Introduction
Thu 20 April
Key terms and definitions (Slides)
Fri 21 April
Applications, analytical solutions for simple auction situations
Wed 26 April, 12 noon
Essay 2 due
Thu 27 April
Analytical solutions
Poster
Wed 3 May, 12 noon
Poster due (the poster can be on any topic of the EC4203 course)
Literature:
  • Paul Milgrom, Putting Auction Theory to Work, Cambridge Univ Press, 2004
  • Cassidy R., 1967. Auctions and Auctioneering, Berkeley: University of California press.
  • Kagel, J. H., 1995. Auctions: A Survey of Experimental Research, in The Handbook of Experimental Economics, J. H. Kagel and A. E. Roth (eds). Princeton: Princeton University Press.
  • Kagel, J. H. and D. Levin, 2002. Bidding in Common Value Auctions: A Survey of Experimental Research, in Common-Value Auctions and the Winner's Curse, Princeton University Press.
  • Vijay Krishna, 2002. Auction Theory, Academic Press (this is the main text for this course).
  • Klemperer P., (Ed.), 2000. The Economic Theory of Auctions, Edward Elgar Publishing.
  • Klemperer, P., 1999. Auction Theory: A guide to the Literature, Journal of Economic Surveys, 13: 227-260. CEPR
  • Klemperer, P., 2000. Why every economist should learn some auction theory. invited paper from the Econometric Society World Congress. CEPR
  • McAfee, R.P., and J. McMillan, 1987. "Auctions and Bidding," Journal of Economic Literature, 25:699-738. Jstor
  • Wilson, R., 1992. "Strategic Analysis of Auctions," in R.J. Aumann and S. Hart, Handbook of Game Theory with Economic Applications, Vol. 1. Amsterdam: Elsevier Science Publishers.Paper