%0 Book
%D 2004
%T An Introduction to Auction Theory
%A Flavio M. Menezes
%A Paulo K. Monteiro
%K affiliated values model
%K auction theory
%K Bayesian Nash equilibrium
%K common values model
%K multiple objects
%K private values model
%K Revenue Equivalence Theorem
%X This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated values models and multi-object auction models are described. A general version of the Revenue Equivalence Theorem is derived and the optimal auction is characterized to relate the field of mechanism design to auction theory.
%7 1st
%I Oxford University Press
%P 199
%@ 9780199275984
%U http://www.oxfordscholarship.com/view/10.1093/019927598X.001.0001/acprof-9780199275984
%R 10.1093/019927598X.001.0001