Munich Personal RePEc Archive

Advances in Auctions

Kaplan, Todd R and Zamir, Shmuel (2014): Advances in Auctions. Forthcoming in: Handbook of Game Theory , Vol. 4,

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Abstract

As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a selective update of some of the developments and applications of auction theory in the two decades since Wilson (1992) wrote the previous Handbook chapter on this topic.

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