Economics · Microeconomics

Auction Design Lab — English, Dutch, Sealed-Bid, Vickrey

Bid through four canonical auction formats (English, Dutch, first-price sealed-bid, Vickrey), discover the Revenue Equivalence Theorem empirically, then design five real-world auctions for Aurelian Holdings clients across art, spectrum, Treasury bonds, procurement, and ad slots.

5 rounds Executive English, Español
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Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 5 rounds. In each one they submit their decisions and the simulation calculates the results. The first round opens with: English Ascending Auction.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Your bid ($)
  • Art house — deaccessioning a Picasso study
  • Telecom regulator — auctioning 800 MHz spectrum
  • Treasury desk — placing sovereign bonds
  • City procurement — five-year cleaning contract
  • Search platform — top-of-page ad slot

What participants track

What participants follow on screen as the rounds go by:

  • Bidder Seat — Submit Your Decision
  • Auction Designer Seat — Recommend a Format

Subjects covered

Designed for courses in Microeconomics.

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