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ECON 285 Auctions, Bargaining, and Pricing
Course Level (s)
(Same as MGTECON 602.) Theory of auctions and related literature in bargaining and pricing. Key papers include Myerson and Satterthwaite on bargaining, Myerson on optimal auctions, and Milgrom and Weber's classic work. How markets with complicated preferences and constraints, limitations on the use of cash, or variations in contract details among bidders decisively impair the performance of simple market rules. Emphasis on matching markets such as the National Resident Matching Program, asset auctions such as the spectrum auctions. Literature on dynamic bargaining.
| Fall | Winter | Spring | Summer |
| Niederle Roth |
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