Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 14 April 2021

Abstract and Keywords

This article gives some historical background on auctions and describes the different varieties of auction, such as English, Dutch, Japanese, candle, silent, sealed-bid, Vickery, and simultaneous ascending auctions. It summarizes the most important results from auction theory, including the optimality of the Vickery auction and the revelation principle. The article also describes some of the current topics in auction research, including approaches to combinatorial auctions.

Keywords: auctions, pricing management, Vickery auction, revelation principle, combinatorial auctions

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.