Auctions and Market Design

Instructor: 
Description: 

This course covers: single unit auctions (private and common values) - role of risk aversion optimal auctions - affiliation - multi-unit auctions - sequential auctions -- applications. The course has three main objectives:
(i) Teach the mathematical methods of solving auction games and designing markets;
(ii) Review the main fields of the auctions literature and frontiers of current research;
(iii) Discuss practical experience (spectrum auctions, energy markets, take-over bidding, etc.).

Literature:
Vijai Krishna. Auction Theory. Academic Press 2002 and others

Credits: 
6.00
Affiliation: 
Humboldt-Universität zu Berlin