Paul Milgrom Knihy

The book offers an in-depth exploration of modern auction theory, highlighting its applications in real-world scenarios, particularly in spectrum auction designs. It addresses both traditional "optimal auctions" and contemporary multi-unit and package auction theories, while critically assessing older models like the Vickrey auction. Aimed at graduate students and professionals, it combines theoretical analysis with practical examples, showcasing the author's expertise as a leading economist and innovator in auction design.