040063 KU Auction Theory (MA) (2022S)
Continuous assessment of course work
Labels
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).
- Registration is open from Mo 07.02.2022 09:00 to Mo 21.02.2022 23:59
- Registration is open from Th 24.02.2022 09:00 to Fr 25.02.2022 23:59
- Deregistration possible until Mo 14.03.2022 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
- Tuesday 01.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 02.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 08.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 09.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 15.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 16.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 22.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 23.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 29.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 30.03. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 05.04. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 06.04. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 26.04. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 27.04. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 03.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 04.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 10.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 11.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 17.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 18.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 24.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 25.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 31.05. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 01.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 08.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 14.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 15.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 21.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 22.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Tuesday 28.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Wednesday 29.06. 18:30 - 20:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
Aims, contents and method of the course
Assessment and permitted materials
Assessment is based on problem sets and two exams. Problem sets yield 40% of the grade and the remaining 60% is split equally between the two exams. The grading is as follows:
0-59%-5
60-69%-4
70-79%-3
80-89%-2
90-100%-1
0-59%-5
60-69%-4
70-79%-3
80-89%-2
90-100%-1
Minimum requirements and assessment criteria
Assessment is based fully on the problem sets and the two exams described in "Assessment".The minimum requirement for passing the course is 60% of the maximum grade.There is no attendance requirement and this 60% can be obtained as any combination between the two exams and problem sets.
Examination topics
The examination topics will include both questions testing the understanding of the topics included in the contents as well as the ability to apply them.
Reading list
Course will include self-containing slides. In addition, the part on auction theory draws on Vijay Krishna (2009): Auction Theory. 2nd Edition.
Association in the course directory
Last modified: Th 03.03.2022 16:08
- Analysis of classical auctions (English, Dutch, second-price sealed bid, first-price sealed bid)
- Introduction to multi-unit auctions
- Revelation principle
- Revenue equivalence theorem
- Contracting and agency problems
- Public good provision as a mechanism design problem
- Dominant strategy and Bayesian implementation of social choice functions
- Impossibility theorems (Myerson–Satterthwaite, Gibbard–Satterthwaite)
- Introduction to optimal auctions - reserve prices
The course is mostly theoretical with applications to real-life situations like spectrum auctions, public good provision, allocation of natural resources etc.