Table of contents for Putting auction theory to work / Paul Milgrom.


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1. Getting to work: 1.1 Politics sets the stage
1.2 Designing for multiple goals
1.3 Comparing seller revenues
1.4 The academic critics
1.5 Plan for this book
Section I. The Mechanism Design Approach: 2. Vickrey-Clarke-Groves mechanisms: 2.1 Formulation
2.2 Always optimal and weakly dominant strategies
2.3 Balancing the budget
2.4 Uniqueness
2.5 Disadvantages of the Vickrey auction
2.6 Conclusion
3. The envelope theorem and payoff equivalence: 3.1 Hottelling's lemma
3.2 The envelope theorem in integral form
3.3 Quasi-linear payoffs
3.4 Conclusion
4. Bidding equilibrium and revenue differences: 4.1 The single crossing conditions
4.2 Deriving and verifying equilibrium strategies
4.3 Revenue comparisons in the benchmark model
4.4 Expected-revenue maximizing auctions
4.5 Conclusion
5. Interdependence of types and values: 5.1 Which models and assumptions are 'useful'?
5.2 Statistical dependence and revenue-maximizing auctions
5.3 Wilson's drainage tract model
5.4 Correlated types model interdependent values
5.5 Conclusion
6. Auctions in context: 6.1 The profit and surplus contribution of an entrant
6.2 Symmetric models with costly entry
6.3 Asymmetric models: devices to promote competition
6.4 After the bidding ends
6.5 Conclusion
Section II. Multi-Unit Auctions: 7. Uniform price auctions: 7.1 Uniform price sealed bid auctions
7.2 Simultaneous ascending auctions
7.3 Conclusion
8  Package auctions and combinatorial bidding: 8.1 Vickrey auctions and the monotonicity problems
8.2 Bernheim-Whinston first-price package auctions
8.3 Ausubel-Milgrom ascending proxy auctions
8.4 Conclusion.


Library of Congress subject headings for this publication: Auctions Mathematical models