Описание:The present course considers mathematical models for different mechanisms of homogeneous good trade. For every mechanism, we construct the corresponding normal form game and determine rational behavior strategies of the agents, proceeding from game-theoretic optimality concepts. We compare the total welfare and the price of the good for different auctions. We provide analytic and graphical methods for computation of Walrasian, Cournot and Vickrey outcomes for local and network auctions.