The pay-as-bid auction, also called the discriminatory price auction, is among the most common auction formats to price and allocate assets and commodities. Tri

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

This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on practical examples, this textbook offers

Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hote

How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. Although it is among