(Paperback)

Offers a non-technical introduction to auction theory, and emphasises its practical application. This book discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions. It also demonstrates the power of auction theory to explain unconnected issues.

(Hardback)

Suitable for advanced PhD courses in public finance and macroeconomics, this book provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory.