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This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

While a few do fabulously, our economic system isn't working for most of humanity. Governments have long kicked the can, rather than undertake the required investments and deliver necessary systems change. Millions have long suffered due to their inaction. The coronavirus has laid the folly plain.

Pandemic Capitalism surveys our ongoing challenges from a systems lens. It looks into the possibility offered by Universal Basic Incomes, couched in the context of the global pandemic. In this age of growing precarity, we need to look at new ways of sharing the spoils of our increasingly productive economies, while also getting production back within planetary limits. Pandemic Capitalism makes a case for a transition to a future that's more sustainable and just than the outcomes we currently endure.