A.
AUCTIONS AND PROCUREMENT
Supplementary Material and Games used
in this portion of the course
Wednesday
October 25: 1. Texas CD Auctions
1.1
Bidding Frictions in Ascending
Auctions
1.2
A Simple Example of a Multiunit Ascending Auction
Monday
October 30: 2. Strategic Equivalence
2.1 First Price and Dutch Private Value Auction Game
(right click to save)
2.2 First Price and Dutch Common Value
Auction Game (right click to save)
Wednesday
November 1: 3. Revenue Equivalence
3.1 The Revenue Equivalence Theorem
3.2 Revenue from Private Value Auctions
3.3 Bidding in a FPSB Auction
3.4 Differential Information in a FPSB auction
3.5 Second Price Sealed bid and English Auction Game
(right click to save)
3.6 First Price Sealed Bid Procurement Auction Game
(right click to save)
3.7 Differential Info Takeover Common Value Game
(right click to save)
Monday
November 6:
4. Procurement
4.1 Winning by Default: Why is there so
little competition in government procurement?
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