Universität Wien

040831 UK Auction Theory and Applications (MA) (2015W)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

http://homepage.univie.ac.at/ana-begona.ania-martinez/teaching_auctions.html
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Midterm exam on November 16th at 9.45 in lecture rooms 16 and 17.
Final exam on January 26th at 8.00 in lecture rooms 16 and 17.

  • Monday 05.10. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 06.10. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 12.10. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 13.10. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 19.10. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 20.10. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 27.10. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 03.11. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 09.11. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 10.11. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 16.11. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 17.11. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 23.11. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 24.11. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 30.11. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 01.12. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 07.12. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 14.12. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 15.12. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 11.01. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 12.01. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 18.01. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 19.01. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 25.01. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 26.01. 08:00 - 09:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Introduction to the basic auction formats, revenue equivalence, optimal auctions, auctions with interdependent values, multi-unit auctions and sequential sales. Applications to internet auctions and spectrum auctions.

Assessment and permitted materials

The final grade will correspond to the sum of points in the midterm (up to 50 points) and the final exam (up to 50 points). Homework assignments can improve the final grade up to 20 points. Students are required 50 out of a 100 points to pass the class.

Minimum requirements and assessment criteria

Students learn the foundations of auction theory and get a glimpse in the practical problems of auction implementation. Although some empirical and experimental work is discussed in applications, the course does not focus on the tools for empirical or experimental analysis.

Examination topics

The analysis is done using game theory, mechanism design, and basic statistics.

Reading list

*** Vijay Krishna. Auction Theory. Academic Press.
** Paul Klemperer. Actions: Theory and Practice. Princeton University Press.
* Paul Milgrom. Putting Auction Theory to Work. Cambridge University Press.
* David Salant. A Primer on Auction Design, Management, and Strategy. MIT Press.

Association in the course directory

Last modified: Mo 07.09.2020 15:29