Seminar series
Date
Fri, 27 Jan 2017
16:00
Location
L1
Speaker
Paul Klemperer
Organisation
University of Oxford

Mathematical methods are increasingly being used to design auctions. Paul Klemperer will talk about some of his own experience which includes designing the U.K.'s mobile phone licence auction that raised £22.5 billion, and a new auction that helped the Bank of England in the financial crisis. (The then-Governor, Mervyn King, described it as "a marvellous application of theoretical economics to a practical problem of vital importance".) He will also discuss further development of the latter auction using convex and "tropical" geometric methods.

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