Auction Theory

This course will not be offered in summer term 2022.

Attention: We kindly ask all students who would like to attend the course Auction Theory in the coming semester to register for it at ISIS. There all students will be provided with further information. Please registrate here: ISIS Course Auction Theory

The course will provide an introduction to the core concepts of auction theory. The learning experience will be enriched with case studies from auctions in the lab and in the field. Successful participants can solve optimal-bidding problems in standard auction forms, using advanced mathematical techniques. They first model the informational environment in a given application, using probability theory, and, second, use optimization theory to find optimal bidding strategies. Insights from mechanism design will enable them to design and solve novel auction formats. They learn to model both roles in seller-buyer environments.