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Handbook > Auctions > Useful concepts in Auction Theory Printer Friendly

Useful concepts in Auction Theory

Auction theory spans a wide variety of concepts. These are useful and necessary to understand the auction theory literature.

  • Common values vs. private values in auction theory

  • Revenue equivalence

  • Strategic equivalence of auctions

  • Bayesian Nash Equilibrium in First-Price Auctions

  • Hard close vs. soft close

  • Winner's curse

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