Document Type
Discussion Paper
Publication Date
11-1-1985
CFDP Number
779
CFDP Pages
53
Abstract
This paper discusses two central questions: Why do auction institutions continue to be so popular after thousands of years? and What accounts for particular details, like the popularity of sealed bid and ascending-bid auctions?
Recommended Citation
Milgrom, Paul R., "Auction Theory" (1985). Cowles Foundation Discussion Papers. 1020.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1020