Auction Theory (Levin, standord.edu, 2004)

an in-progress note page.

Independent private value (IPV) auctions

- model
- vickrey (second-price) auctions
- sealed-bid, first-price auctions
- first-order conditions
- envelope theorem
- revenue equivalence
- all-pay auctions

Common value auctions

- model
- second-price auctions

Large Auctions & Information Aggregation

- wilson's model (1977)
- milgrom's model (1979)
- pedendorfer & swinkel model (1997)