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 Value-Creating Boards by Paul Milgrom
Cover of the book Postmodern Utopias and Feminist Fictions by Paul Milgrom
Cover of the book Wrongful Convictions and the DNA Revolution by Paul Milgrom
Cover of the book Thomas Jefferson and the Science of Republican Government by Paul Milgrom
Cover of the book Making Legal History by Paul Milgrom
Cover of the book Applied Social Psychology by Paul Milgrom
Cover of the book History, Frankish Identity and the Framing of Western Ethnicity, 550–850 by Paul Milgrom
Cover of the book Introduction to Chemical Engineering Fluid Mechanics by Paul Milgrom
Cover of the book The Cambridge Companion to the Organ by Paul Milgrom
Cover of the book Revealed Preference Theory by Paul Milgrom
Cover of the book Science, Technology and Society by Paul Milgrom
Cover of the book The Cambridge Handbook of Multimedia Learning by Paul Milgrom
Cover of the book Rule of Law for Nature by Paul Milgrom
Cover of the book Samuel Richardson and the Art of Letter-Writing by Paul Milgrom
Cover of the book The East Asian Challenge for Democracy 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