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Critique - Review Essay on: "What Really Matters in Auction Design", Paul Klemperer, Journal of Economic Perspective - Volume 16, Number 1 - Winter 2002, pp.169-189 I really like this article because I agree with most of what it says. Auctions, in recent times, have become very popular and I don't need to interview anyone about this, I just need to examine myself to find out. Over the past few years, to be brutally honest, I have been absolutely addicted to eBay.com, an online shopping site made famous by the way in operates. Not only are all transactions made online, which is very convenient, but the way things are sold is what makes the shopping experience at eBay so unique, and fun. As the article mentions, auctions (like eBay) can be potentially good for both buyers and sellers. An auction can involve many buyers, for instance the auction of a...

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