English, Article, Journal or magazine article edition: Applying Auction Theory to Economics Paul Klemperer

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Bookmark: http://trove.nla.gov.au/version/20460
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Applying Auction Theory to Economics
Author
  • Paul Klemperer
Physical Description
  • preprint
Notes
  • This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and "standard" economic theory, and argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a broad range of mainstream economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially to industrial organization.
  • auctions, bidding, auction theory, private values, common values, mechanism design, litigation, stock markets, queues, financial crashes, brand loyalty, War of Attrition, Bertrand, perfect competition, E-commerce, spectrum auctions, treasury auctions, electricity
  • RePEc:oxf:wpaper:001
Language
  • English
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