Wirtschaftswissenschaftliche Fakultät

Summer Semester 2014: Auctions Theory (Düsseldorf)

Syllabus (pdf):
  1. Basics
    1. Auctions: when, where and how? (pdf)
    2. Solution of first-price auction and revenue equivalence (pdf)
    3. First- vs. second-price auction: risk attributes (pdf)
  2. Technical Supplements
    1. Auctions: when, where and how? (pdf)
    2. Solution of first-price auction and revenue equivalence (pdf)
  3. Optimal Auctions: A First Glance
    1. Solution Method (pdf)
    2. Second-Order Conditions (pdf)
    3. Optimal Auctions: A First Glance (pdf)
  4. Non-Standard Auctions
    1. Lambda-auction: When price is a convex combination of the two highest bids (pdf)
    2. Third-price auction (pdf)
    3. Share auctions (pdf)
  5. Generalization: Affiliated Values Model
    1. Affiliation and English clock and second-price auctions (pdf)
    2. Affiliation and first-price auction (pdf)
  6. Spectrum Auctions
    1. Stategic demand reduction: the case of the German GSM spectrum auctions (pdf)
    2. Spectrum auctions in Germany (pdf)
Click here to download all material at once.

Summer Semester 2014: Auctions and Market Design (Shanghai)

These slides should be self-sufficient. If you feel the need for a comprehensive textbook, have a look at Krishna, V. (2010). Auction Theory, (2-nd edition). Academic Press.

Please note that for technical reasons L2-auc.pdf (topic no. 8) is not available as a printable version.

Syllabus (pdf):
  1. Introduction: Basic Auction Theory (pdf, printable pdf)
  2. Risk Attributes if First- and Second-Price Auctions (pdf, printable pdf)
  3. Constructive Solution Method for the First-Price Auction (pdf, printable pdf)
  4. Some Non-Standard Auctions
    1. λ-Auction (and Corruption) (pdf, printable pdf)
    2. Third-Price Auction* (pdf, printable pdf)
    3. Auctions with Benefits to Losers (Partnership Dissolution)* (pdf, printable pdf)
  5. Reserve Price and Optimal Auctions (part 1: pdf, printable pdf, part 2: pdf, printable pdf)
  6. Reserve Auctions (Procurement) (part 1: pdf, printable pdf, part 2*: pdf, printable pdf)
  7. Generalization: English vs. Vickrey with Affiliated Values* (pdf, printable pdf)
  8. Multi-Unit Auctions and Strategic Demand Reduction in Spectrum Auctions (pdf)
  9. Multi-Object Auctions and Package Bidding* (pdf, printable pdf)
  10. Cash vs. Share Auctions* (pdf, printable pdf)
  11. Technical prerequisites
    1. Integration, Stochastic Order etc. (pdf, printable pdf)
    2. Order Statistics (pdf, printable pdf)

Click here to download all material at once.

* Shanghai University of Finance and Economics. Course Code: 102249, Course No. 0036, Credit 1