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 and chapter notes. Complete proofs and new material about collusion complement Krishna's ability to reveal the basic facts of each theory i[...]
Presents detailed examinations of themes central to auction theory. This book explores auctions and competitive bidding as games of incomplete information. It covers topics on bidding strategies, efficiency, and revenue maximization, and gives proofs for each proposition.[...]