Oliver Kirchkamp

EC4203: Contemporary issues

PMT: Shane Bonetti

Part 5: Auctions

Thu 23 March, 12 noon
Essay 1 due
Thu 13 April
Poster (Handout)
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
Wed 3 May, 12 noon
Poster due (the poster can be on any topic of the EC4203 course)
  • 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