Auctions

This accessible and engaging book provides a clear explanation of how auctions function, covering various formats, pricing rules, and bidder behavior through real-world examples, from online marketplaces to government auctions. It explores auctions as strategic games of asymmetric information, shedding light on how rules influence participant incentives and the broader economy. Perfect for those curious about the mechanics behind this ubiquitous market institution, the book offers insights into its resilience and importance in modern commerce.