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Auction Theory
 
 
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Auction Theory [Hardcover]

Vijay Krishna (Author)
5.0 out of 5 stars  See all reviews (3 customer reviews)
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"Vijay Krishna's book provides a very thorough and patient presentation of auction theory, starting from the most basic analysis and graduating to sophisticated, state of the art theory, including multi-unit auctions. This book covers a very wide range of auction topics, providing a clear and accessible treatment. The theory is presented in a careful and easily understood style accessible to honors undergraduates as well as all economics graduate students. Krishna's book will certainly become the central book on auction theory."
--R. Preston McAfee, Murray S. Johnson Chair in Economics, University of Texas
"This book not only sets out much of the theoretical literature on auctions--including results that are very recent--but does so with a clarity, elegance, and rigor that is characteristic of Vijay Krishna's work."
--Eric Maskin, A.O. Hirschman Professor of Social Science, Institute for Advanced Study, Princeton, New Jersey, U.S.A.
"The book gives a superb presentation of auction theory, with clear and concise proofs of all results. It is essential reading for any serious student of auctions."
--Peter Cramton, Professor of Economics, University of Maryland
"This is the book we have been waiting for: a high level treatment of auction theory that carefully presents the technical details necessary for an in depth understanding of the main themes of auction theory, ideal as a basis for a graduate course, and by an author who has himself made important contributions to the subject."
--Paul Klemperer, Edgeworth Professor of Economics, Nuffield College, University of Oxford, U.K.



Book Description

Through accessible, detailed examinations of themes central to auction theory, Vijay Krishna explores auctions and competitive bidding as games of incomplete information. His results on bidding strategies, efficiency, and revenue maximization, and his clear proofs for each proposition, make this book both the standard reference on auctions and the first source of authoritative information about multi-unit auctions. Well organized and featuring straightforward intuition, Auction Theory's depth and breadth lay bare the complexity and utility of this growing field.

*The standard reference on auctions and the first source of authoritative information about multi-unit auctions
*Explores auctions and competitive bidding as games of incomplete information
*Uses accessible, detailed examinations of themes central to auction theory
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Inside This Book (Learn More)
First Sentence
We begin the formal analysis by considering equilibrium bidding behavior in the four common auction forms in an environment with independently and identically distributed private values. Read the first page
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Front Cover | Table of Contents | Excerpt | Index
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3 Reviews
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5.0 out of 5 stars (3 customer reviews)
 
 
 
 
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5.0 out of 5 stars Accessible and straightforward. Thumbs up!, Oct 11 2005
By 
Georgios (Toronto, Canada) - See all my reviews
This review is from: Auction Theory (Hardcover)
A balance between rigor and intuition. The book contains complete and clear proofs of almost all propositions and many- many fully-worked examples to reinforce intuition. The "chapter notes" provide with plenty further reading and the seven appendices at the end of the book cover lots of essential background. For those who are interested in auction theory and seek a rigorous treatment that at the same time is not intimidating, I highly recommend this book. After all, as Vijay Krishna states in the preface, "...the book is intended to be a conversation between the author and the reader".
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5.0 out of 5 stars Magnificent!, Mar 24 2004
By A Customer
This review is from: Auction Theory (Hardcover)
I consider this book to be up there with Myerson's book on game theory! The exposition is lovely, and the book is so fascinating that you'll find that you can't put it down for the first 8 chapters or so. Krishna makes it all look so easy.
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5.0 out of 5 stars Clear, Rigorous and Intuitive, Nov 12 2003
By A Customer
This review is from: Auction Theory (Hardcover)
This is a fabulous book for quickly uploading the central insights of the vast literature on the economics of auction design. Results are stated precisely and proven, often with an eye for developing intuition and an understanding of technique. The book can be read from cover to cover or dipped into as required. I find it an extremely useful aid to research.
Highly recommended.
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