A Primer on Auction Design, Management, and Strategy

David J. Salant

MIT Press

"An invaluable guide for those who want to study auction theory or to put it to practical use -- from a well-known practitioner with a wealth of experience." -- Paul Klemperer, Edgeworth Professor of Economics, University of Oxford

"Salant draws on his own firsthand experience in advising bidders and auctioneers to explain how game theory and auction theory have guided incisive analyses and good decisions when millions of billions are at sake." -- Paul Milgrom, Ely Professor of Economics, Stanford University