Different Auction Methods Are Reviewed, Such As# First Price Sealed Bid, Second Price Sealed Bid. English Auction, Dutch Auction. Application of These Methods in Auctioning Broadcasting Frequencies, Oil Drilling Leases, Etc. Analysis of The Equilibria Corresponding to Those Methods Under Alternative Assumptions About Risk Aversion, The Information Known By The Participants, and The Distribution of Winning Values Among Them.

Faculty: Data and Decision Sciences
|Graduate Studies
Pre-required courses

98501 - Microeconomic Theory 1