Auctions: Theory and Practice

15 Pages Posted: 5 Apr 2004

See all articles by Paul Klemperer

Paul Klemperer

University of Oxford - Department of Economics; Centre for Economic Policy Research (CEPR)

Date Written: March 2004

Abstract

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 and is forthcoming at Princeton University Press.

This document contains the Contents, Preface and Introduction to the book. A draft of the FULL BOOK is available.

Keywords: Auctions, Bidding, Auction Theory, Mechanism Design, Telecommunications, Spectrum Auctions, 3G, UMTS

JEL Classification: D44

Suggested Citation

Klemperer, Paul, Auctions: Theory and Practice (March 2004). Available at SSRN: https://ssrn.com/abstract=491563 or http://dx.doi.org/10.2139/ssrn.491563

Paul Klemperer (Contact Author)

University of Oxford - Department of Economics ( email )

Manor Road Building
Manor Road
Oxford, OX1 3BJ
United Kingdom
+44 1865 278 588 (Phone)
+44 1865 278 557 (Fax)

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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