Citation:
Todd R. Kaplan, S. Z. . (2014). Advances in Auctions. Discussion Papers. presented at the 3, This Paper Is a Chapter in the Forthcoming Handbook of Game Theory, Volume 4, Edited by Peyton Young and Shmuel Zamir, Elsevier (2014). Retrieved from /files/dp662.pdf
Abstract:
As a selling mechanism, auctions have acquired a central position in the free market econ-omy 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.