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

Vijay Krishna’s 2e of Auction Theory improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions

I review the uses of economic theory in the initial design and later improvement of the "simultaneous ascending auction," which was developed initially for the