Putting Auction Theory to Work

Putting Auction Theory to Work
Author :
Publisher : Cambridge University Press
Total Pages : 378
Release :
ISBN-10 : 9781139449168
ISBN-13 : 1139449168
Rating : 4/5 (168 Downloads)

Book Synopsis Putting Auction Theory to Work by : Paul Milgrom

Download or read book Putting Auction Theory to Work written by Paul Milgrom and published by Cambridge University Press. This book was released on 2004-01-12 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Putting Auction Theory to Work Related Books

Putting Auction Theory to Work
Language: en
Pages: 378
Authors: Paul Milgrom
Categories: Business & Economics
Type: BOOK - Published: 2004-01-12 - Publisher: Cambridge University Press

GET EBOOK

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose
Auction Theory
Language: en
Pages: 337
Authors: Vijay Krishna
Categories: Business & Economics
Type: BOOK - Published: 2009-09-28 - Publisher: Academic Press

GET EBOOK

Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and cha
An Introduction to Auction Theory
Language: en
Pages: 200
Authors: Flavio M. Menezes
Categories: Business & Economics
Type: BOOK - Published: 2005 - Publisher: Oxford University Press, USA

GET EBOOK

This book provides a step-by-step, self-contained treatment of auction theory and aims to provide an introductory treatment to allow students to work through al
Auctions
Language: en
Pages: 262
Authors: Paul Klemperer
Categories: Business & Economics
Type: BOOK - Published: 2004-03-28 - Publisher: Princeton University Press

GET EBOOK

Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hote
Auction Theory
Language: en
Pages: 304
Authors: Pak-Sing Choi
Categories: Business & Economics
Type: BOOK - Published: 2021-05-24 - Publisher: Springer Nature

GET EBOOK

This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on practical examples, this textbook offers