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Auctions: Theory and applications



#70373 / #1

Seit WS 2019/20

Fakultät VII

H 91

Institut für Volkswirtschaftslehre und Wirtschaftsrecht

37311100 FG Mikroökonomie

Ivanova-Stenzel, Radosveta

Meisner, Vincent

POS-Nummer PORD-Nummer Modultitel
2349045 41471 Auctions: Theory and applications

Learning Outcomes

The course will provide an introduction to the core concepts of auction theory. The learning experience will be enriched with case studies from auctions in the lab and in the field. Successful participants can solve optimal-bidding problems in standard auction forms, using advanced mathematical techniques. They first model the informational environment in a given application, using probability theory, and, second, use optimization theory to find optimal bidding strategies. Insights from mechanism design will enable them to design and solve novel auction formats. They learn to model both roles in seller-buyer environments.


Optimal bidding in single-unit auctions with symmetric independent private values: First-price auctions, second-price auctions, all-pay auctions; the revenue-equivalence theorem; risk-averse bidders; asymmetric bidders; optimal auctions and mechanism design; interdependent values, multi-unit auctions.

Module Components

Auctions: Theory and applications:

All Courses are mandatory.

Course Name Type Number Cycle Language SWS VZ
Auction Theory UE 70 110 L 10203 WS/SS English 2
Auction Theory VL 70 110 L 10202 WS/SS English 2

Workload and Credit Points

Auction Theory (UE):

Workload description Multiplier Hours Total
Class attendance 15.0 2.0h 30.0h
Class preparation and follow-up 15.0 2.0h 30.0h
60.0h(~2 LP)

Auction Theory (VL):

Workload description Multiplier Hours Total
Class attendance 15.0 2.0h 30.0h
Class preparation and follow-up 15.0 2.0h 30.0h
60.0h(~2 LP)

Course-independent workload:

Workload description Multiplier Hours Total
Exam preparation 1.0 60.0h 60.0h
60.0h(~2 LP)
The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

The insights from the lecture are enhanced by solving problem sets in tutorials.

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

Advances Microeconomics

Mandatory requirements for the module test application:

No information

Module completion



Type of exam

Written exam




90 min

Duration of the Module

The following number of semesters is estimated for taking and completing the module:
1 Semester.

This module may be commenced in the following semesters:
Winter- und Sommersemester.

Maximum Number of Participants

This module is not limited to a number of students.

Registration Procedures

Please note the information posted on website. Exam registration: According to the StuPO of the respective degree programme.

Recommended reading, Lecture notes

Lecture notes

Availability:  unavailable

Electronical lecture notes

Availability:  unavailable


Recommended literature
Vijay Krishna - Auction Theory, Academic Press, 2009

Assigned Degree Programs

This module is used in the following Degree Programs (new System):

Verwendungen (1)
Studiengänge: 1 Stupos: 1 Erstes Semester: WS 2019/20 Letztes Semester: offen

This moduleversion is used in the following modulelists:

Students of other degrees can participate in this module without capacity testing.


No information