Auctions: Theory and Practice
The Toulouse Lectures in Economics

Paul Klemperer
Nuffield College, Oxford University, Oxford OX1 1NF, England
http://www.paulklemperer.org

Princeton University Press, 2004 (click here for details or to purchase)

       This book is a non-technical introduction to auction theory; its practical application in auction design (including many examples); and its uses in other parts of economics. It can be used for a graduate course on auction theory, or – by picking selectively – an advanced undergraduate or MBA course on auctions and auction design.
       Part A introduces the basic theory. Part B shows how modern auction-theoretic tools illuminate a range of mainstream economic questions that are superficially unconnected with auctions. Part C discusses practical auction design. Part D describes the one-hundred-billion dollar 3G mobile-phone license auctions. None of the writing is technical, except in the Appendices.
       The material was presented as the inaugural (2003) Toulouse Lectures in Economics.

Preface
Introduction 
Detailed Contents

A INTRODUCTION TO THE THEORY
  1 A Survey of Auction Theory
   

Afterword

   

Exercises and Solutions

   
B APPLICATIONS TO OTHER AREAS OF ECONOMICS
  2 Why Every Economist Should Learn Some Auction Theory
   
C PRACTICAL AUCTION DESIGN
  3 What Really Matters in Auction Design
  4 Using and Abusing Auction Theory
   
D CASE STUDY – THE 3G MOBILE-PHONE AUCTIONS
  5 Overview of the European Auctions
  6 Designing the UK Auction
  7 Bidder Strategies
  8 Were Auctions a Good Idea?
     
Suggestions for Course Outlines  
References
© Paul Klemperer, 2006