Onsider the application of auction theory in the context of the Indian Premier League
Directions for research:
establish and explain the main principles of auction theory
consider issues such as bidding strategies and auction design, efficiency, revenue maximisation, incentive compatibility/strategic behaviour
explain the example you have chosen
consider the extent to which theoretical principles and predictions are evident in your example
A lot of the information and content of this essay are found on Once on this website click on ONLINE BOOK Auctions: Theory and Practice and then click on number 1 A Survey of Auction Theory. And finally click on Auction Theory: A Guide to the Literature.
The Indian Premier League (IPL) is only a small part of this essay. The main part is auction theory in general and all aspects of it.
I have attached a word document with a more detailed assignment criteria that needs to be followed.