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May 04, 2024
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Undergraduate Record 2010-2011 [ARCHIVED RECORD]
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ECON 4020 - Auction Theory and Practice
Covers the building blocks of modern auction theory (e.g. First Price versus Second Price, Dutch versus English, Revenue Equivalence, Auctions of Multiple Goods), critically assesses this theory by studying recent auctions in practice (e.g. 3G auctions, milk and timber auctions, eBay versus Amazon), and applies auction theory to other, non-auction, environments (e.g. election races, take-over-bid-wars, duopoly pricing). Prerequisite: ECON 301 and either ECON 371 or STAT 212
Credits: 3
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