Vijay Krishna's Second Edition of Auction Theory improves upon his 2002 best seller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna's ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the Second Edition continues to serve as the doorway to relevant theory for most students doing empirical work on auctions.
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"Krishna’s superb Auction Theory is an ideal text and reference because his clear and precise exposition distills the vast literature and provides excellent motivation, examples, exercises, and connections to commercial applications." --Robert B. Wilson, Stanford University
"On its publication in 2002, Vijay Krishna's book immediately became a central reference in auction theory. But the subject has continued to develop, and so we're very fortunate that Krishna has now updated the text." --Eric Maskin, Institute for Advanced Study, Nobel Laureate in Economics
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