Auction Theory

Author: Paul Milgrom
Year: 2004
Summary: This comprehensive textbook by a Nobel laureate in economics provides a deep dive into auction theory. It covers the fundamental models of auctions, the strategic behavior of bidders, and the properties of different auction formats in terms of efficiency and revenue. It's a foundational text for anyone designing or analyzing auction mechanisms, including those for AI resource allocation.
Link: https://press.princeton.edu/books/hardcover/9780691092546/auction-theory