Online Textbooks in Advanced Applied Economics

Auctions: Theory and Practice is an online book on auction theory by Paul Klemperer, one of the economists responsible for the UK's record-breaking 3rd Generation mobile licence auction, the theme of the book's final section. Avoids mathematical complication and uses practical examples wherever possible. Includes more general discussion of information economics, and the uses/abuses of economic modelling; and extends ideas of auction and bargaining strategy into such areas as corporate takeovers and stock market bubbles. Chapter 1, an extensive literature review, includes questions and answers on the Revenue Equivalence Theorem and other elements of auction theory, from the Oxford Economics M.Phil. Ends with suggestions for course outlines and a detailed reference list.