Bazsites.com Auction Theory
Directory Topics
On the Web
- Survey of Auction Types - Defines in lay-terms the various types of auctions, including English Auctions, Dutch Auctions, and Double Auctions. A brief history of auctions and discussion of collusion is included.
- FCC Auction - Home page by Federal Communications Commission, USA with details about the auctions design applied to airwave spectrum auctions
- Radiocommunications Agency - Spectrum Auctions - Information about United Kingdom third generation mobile phone spectrum auctions. Site includes auction rules, press notices, and research.
- Java Auction Simulator API (JASA) - Auction Simulator API allows researchers to write trading simulations using a number of different auction protocols.
- Institute of Economic Theory I, Humboldt University - Research mainly on auction theory, mechanism design, industrial organization and applied game theory directed by Prof. Wolfstetter, Berlin
- Biography of William S. Vickrey - Founder of auction theory and winner of the Nobel Prize in economics, 1996 (together with James A. Mirrlees).
- Winner's Curse Applet - Discussion of and applet demonstrating the winner's curse. The applet allows one to try different bidding strategies, and simulates results, calculating expected payoffs.
- Remarks on Market Design - Some background information on market design by Prof. Rakesh V. Vohra at Northwestern University.
- Milgrom, Paul - Professor of economics and professor of humanities and social sciences at Stanford University. Research in auction theory, welfare economics and economic history.
- Robert Wilson's Class Material on Market Design - at Stanford University, Dept. of Economics
Wikipedia Articles
- Auction theory - Auction theory is an applied branch of game theory which deals with how people act in auction markets and researches the game-theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied by auction theorists include the efficiency ...
- All-pay auction - In economics and game theory an all-pay auction, is an auction in which all bidders must pay regardless of whether they win the prize, which is awarded to the highest bidder as in a conventional auction. The all-pay auction is often used to model lobbying (bids are political contributions), or other competitions such as ...
- Auction - An auction is the process of buying and selling goods by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price.
- Dollar auction - The Dollar auction is a non-zero sum sequential game designed by economist Martin Shubik to illustrate a paradox brought about by traditional rational choice theory in which players with perfect information in the game are compelled to make an ultimately irrational decision based completely on a sequence of rational choices made throughout the game.
- Linkage principle - The linkage principle is a finding of auction theory. It states that auction houses have an incentive to pre-commit to revealing all available information about each lot, positive or negative.