[ 授業概要 (Course Overview) ] 最終更新日：2009-01-15
One of the most practical and realistic applications of non-cooperative game theory is auction theory. The course provides an analysis of auctions as games with incomplete information.
[ 学部・学年の指定 (Who Should Attend) ] 最終更新日：2009-01-20
※履修ルール上の指定内容については必ずルールブックおよびガイドブックの該当箇所を確認して下さい。
The students who has basic knowledge of linear algebra, calculus of
several variables, and probability theory.
[ 授業の目的・到達目標と方法 (Goals & Methodology) ] 最終更新日：2009-01-15
Modern auction theory started with the seminal article of Vickery (1961). Our goal is to cover the main developments in auction theory since the appearance of that pioneering work.
[ 授業の内容・計画 (Topics / Schedule) ] 最終更新日：2009-01-15
1. Auctions with complete information
2. Private value auctions
3. The revenue equivalence principle
4. Auctions with interdependent values
5. Efficiency and the English auction
6. Sealed-bid auctions for selling identical units
7. Sequential auctions
[ テキスト・参考文献 (Textbooks / References) ] 最終更新日：2009-01-15
1. Vijay Krishna, Auction Theory, Academic Press, 2002.
2. Paul Milgrom, Putting Auction Theory to Work, Cambridge University Press, 2004.
3. Bulow, J., and J. Roberts: The simple economics of optimal auctions. Journal of Political Economy, 97, 1060-1090, 1989.
4. Milgrom, P., and R. Weber: A theory of auctions and competitive bidding. Econometrica, 50, 1089-1122, 1982.
5. Vickrey, W.: Counterspeculations, auctions, and competitive sealed tenders. Journal of Finance, 16, 8-37.
[ 他の授業科目との関連・教育課程の中での位置付け (Relation with other Courses) ]
[ 成績評価の方法 (Requirements & Grading Allocation) ]
[ 成績評価基準の内容 (Grading Criteria) ]
[ 受講生に対するメッセージ (Message to Students) ]
[ その他 (Additional Information) ]
