AuctionTheory - Krishna.pdf

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1、AuctionTheoryVijayKrishnaiiiiiivContentsPrefaceix1Introduction1ISingleObjectAuctions112PrivateValueAuctions:AFirstLook132.1TheSymmetricModel.....................142.2Second-PriceAuctions.....................152.3First-PriceAuctions......................162.4RevenueC

2、omparison......................202.5ReservePrices.........................243TheRevenueEquivalencePrinciple293.1MainResult...........................293.2SomeApplicationsoftheRevenueEquivalencePrinciple..313.2.1UnusualAuctions....................313.2.2UncertainNumb

3、erofBidders.............344QualificationsandExtensions374.1Risk-AverseBidders......................384.2BudgetConstraints.......................424.2.1Second-PriceAuctions.................43viContents4.2.2First-PriceAuctions..................454.2.3RevenueComparison.

4、.................454.3AsymmetriesamongBidders.................464.3.1AsymmetricFirst-PriceAuctionswithTwoBidders464.3.2RevenueComparison..................514.3.3EciencyComparison.................544.4ResaleandEciency......................545MechanismDesign615.1Mec

5、hanisms...........................625.1.1TheRevelationPrinciple...............625.1.2IncentiveCompatibility................635.1.3IndividualRationality.................675.2OptimalMechanisms......................675.2.1Setup..........................675.2.2Solution.

6、........................685.2.3DiscussionandInterpretation.............715.2.4AuctionsversusMechanisms.............755.3EcientMechanisms......................755.3.1TheVCGMechanism.................765.3.2BudgetBalance.....................785.3.3AnApplicationtoBilat

7、eralTrade..........806AuctionswithInterdependentValues836.1TheSymmetricModel.....................866.2Second-PriceAuctions.....................876.3EnglishAuctions........................906.4First-PriceAuctions......................926.5RevenueComparisons..........

8、...........966.5.1EnglishversusSecond-PriceAuctions........966.5.2Second-PriceversusFirst-PriceAuctions.......976.6Eciency...............