An Introduction to Auction Theory

ISBN: 9780199275991 出版年：2005 页码：199 Menezes, Flavio M Monteiro, Paulo K Oxford University Press

This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated values models and multi-object auction models are described. A general version of the Revenue Equivalence Theorem is derived and the optimal auction is characterized to relate the field of mechanism design to auction theory.(Publisher website)