Understanding Auctions

  • Asunción Mochón
  • Yago Sáez

Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Asunción Mochón, Yago Sáez
    Pages 1-10
  3. Asunción Mochón, Yago Sáez
    Pages 11-23
  4. Asunción Mochón, Yago Sáez
    Pages 25-34
  5. Asunción Mochón, Yago Sáez
    Pages 35-58
  6. Asunción Mochón, Yago Sáez
    Pages 59-72
  7. Asunción Mochón, Yago Sáez
    Pages 73-85
  8. Asunción Mochón, Yago Sáez
    Pages 87-103
  9. Asunción Mochón, Yago Sáez
    Pages 105-120
  10. Asunción Mochón, Yago Sáez
    Pages 121-129
  11. Back Matter
    Pages 131-148

About this book


In recent years, auctions have become an important field and many markets have designed new and sophisticated auction models to assign different types of items. The prime goal of this book is to set an organized classification of the main auction mechanisms in a way that readers can understand the importance of auction design and the advantages and drawbacks of each model. Given the relevance of the subject, there is a great volume of research about this topic. Nevertheless, most of these contributions use complex mathematical language difficult to understand for the average reader. In this book, the authors summarize the main ideas of the auction theory and explain them with simple language and plenty of examples. This book is a good starting point for any researcher interested in embracing the auction design as it also includes numerous real-world examples to engage the reader in the topic.

“This book fills an important gap by making the main ideas and findings of auction research accessible.”
Professor Paul Milgrom, Department of Economics, Stanford University


Auction Mechanism Auction Models Auctions Game Theory Market Design

Authors and affiliations

  • Asunción Mochón
    • 1
  • Yago Sáez
    • 2
  1. 1.Department of Applied Economics and Economic HistoryUNED UniversityMadridSpain
  2. 2.Department of Computer Science Artificial IntelligenceUniversity Carlos III of MadridLeganés - MadridSpain

Bibliographic information