Bayesian Games: Strategy Under Incomplete Information
Bayesian Games explain strategic choice under private information using types, priors, beliefs, and Bayesian Nash Equilibrium.
auction theory
Auction Theory Economics: From eBay Bidding to Spectrum Sales
Auction theory economics studies how bidding rules turn private valuations into prices, shaping spectrum sales, internet ads, Treasury bonds, and...
Mechanism Design Economics: Engineering Outcomes from Auctions to Matching Markets
Mechanism design economics engineers rules so self-interested agents reveal private information and produce efficient outcomes, powering FCC auctions, school choice,...