Advanced30 min
Auction Theory
First-price, second-price, English and Dutch auctions; why second-price is truthful, and revenue equivalence.
Assumes you know
Not yet written
This lesson is on the syllabus but has no text yet
The full curriculum is published up front so you can see the whole route and its dependencies. Lessons are being written in curriculum order.
What it will cover
- auction
- second price
- Vickrey
- revenue equivalence
- bidding