Problems and Solutions

Exercises from my book, Auctions: Theory and Practice
Solutions to problem questions (1-11)
Notes for solutions to essay questions (12-20)

 

 

 

 

Additional problem and essay questions  (these are not in the book)

 

Additional solutions (These, especially, should not be viewed as definitive or exhaustive answers.)

Bibliography on auctions (now very out of date!)

Industrial organization problems and solutions, and reading list (now very out of date!)

These materials are © Paul Klemperer. You are welcome to make classroom use of them with attribution to me.

Information about Auctions Problems for Oxford M.Phil students

The following questions can be answered well on the basis of the first year course: 1, 4, 5, 6 (parts i, ii, iii), 9 (parts i, ii), 11, 12, A3, A8, A11, A13, A16, A17.

The following questions can be attempted by first years, but would be hard to do well on the basis of the first year course alone: 2, 3, 10, 13, 15, 16, 20, A2, A6, A12.

The following questions cannot be attempted on the basis of the core microeconomics course: 6 (parts iv, v), 7, 8, 9 (part iii), 14, 17, 18, 19, A1, A4, A5, A7, A9, A10, A14, A15, A18, A19.

The exercises were almost all set by me, and include all the MPhil auctions exam questions set by me 1995-2015. They were drawn from the following exams:

First Year Microeconomics Exam

NOTE: The new exam format (from 2012) includes "short" as well as questions that correspond more closely to the traditional, longer, ones. All "short" questions are indicated.

2014 - Question A17
2013 - Question A16 "short question"
2011 - Question A13
2009 - Question A11
2007 - Question A8

2004 - Question A3

2002 - Question 11

2000 - Question 1 
1999 - Question 12

Second Year Advanced Micro Course/Economic Theory Course

NOTE: The auction components of these two courses are the same, but the material taught has differed substantially in recent years.

2015 - Question A19
2014 - Question A18
2013 - Question A15
2012 - Question A14
2011 - Question A12
2008 - Questions A9 and A10
2007 - Questions A6 and A7
2006 - Questions A4 and A5
2004 - Questions A1 and A2
2003 - Questions 6 and 17
2002 - Questions 5 and 19
2001 - Questions 8 and 18
2000 - Questions 3 and 16
1999 - Questions 2 and 15
1998 - Questions 4 and 20
1997 - Questions 9 and 13
1996 - Questions 7 and 14
1995 - Question 10