Putting Auction Theory to Work

Business & Finance, Economics, Microeconomics
Cover of the book Putting Auction Theory to Work by Paul Milgrom, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Paul Milgrom ISBN: 9781107713239
Publisher: Cambridge University Press Publication: January 12, 2004
Imprint: Cambridge University Press Language: English
Author: Paul Milgrom
ISBN: 9781107713239
Publisher: Cambridge University Press
Publication: January 12, 2004
Imprint: Cambridge University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Cambridge University Press

Cover of the book From Utterances to Speech Acts by Paul Milgrom
Cover of the book The Cambridge Introduction to Jane Austen by Paul Milgrom
Cover of the book Plants of China by Paul Milgrom
Cover of the book The Buried Life of Things by Paul Milgrom
Cover of the book Conversation Analysis by Paul Milgrom
Cover of the book Communicating Quality and Safety in Health Care by Paul Milgrom
Cover of the book The Modern Prison Paradox by Paul Milgrom
Cover of the book National Liberation in Postcolonial Southern Africa by Paul Milgrom
Cover of the book Non-Muslims in the Early Islamic Empire by Paul Milgrom
Cover of the book The Briennes by Paul Milgrom
Cover of the book Foundation Myths and Politics in Ancient Ionia by Paul Milgrom
Cover of the book The Mamluk City in the Middle East by Paul Milgrom
Cover of the book Historicism and the Human Sciences in Victorian Britain by Paul Milgrom
Cover of the book The 1967 Arab-Israeli War by Paul Milgrom
Cover of the book Fertility, Education, Growth, and Sustainability by Paul Milgrom
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy