|Time:||Feb. 6, 2015, 3:35pm-4:35pm.|
|Place:||106 McAllister Building.|
Vijay Khrishna, Dept. of Economics, Penn State
|Title:||Auction Theory: Problems of Asymmetry
The game theoretic analysis of auctions is well-developed when all bidders are symmetric, that is, ex ante identical. After a brief survey of auction theory in the symmetric setting, this lecture will (i) report on some recent progress in the analysis of asymmetric auctions; and (ii) point to some open problems. The lecture is intended to be of interest to a general audience.