Mar 30, 2020  
Undergraduate Record 2014-2015 
    
Undergraduate Record 2014-2015 [ARCHIVED RECORD]

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 3010 and STAT 2120 or equivalent.



Credits: 3