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Auctions: Theory and Practice
The Toulouse Lectures in Economics
Paul Klemperer
Nuffield College, Oxford University, Oxford OX1 1NF, England
http://www.paulklemperer.org
Princeton University Press, 2004 (click here for details or to purchase)
This book is a non-technical introduction to auction theory; its practical application in auction design (including many examples); and its uses in other parts of economics. It can be used for a graduate course on auction theory, or – by picking selectively – an advanced undergraduate or MBA course on auctions and auction design.
Part A introduces the basic theory. Part B shows how modern auction-theoretic tools illuminate a range of mainstream economic questions that are superficially unconnected with auctions. Part C discusses practical auction design. Part D describes the one-hundred-billion dollar 3G mobile-phone license auctions. None of the writing is technical, except in the Appendices.
The material was presented as the inaugural (2003) Toulouse Lectures in Economics.
Preface
Introduction
Detailed Contents