The Economic Theory Of Auctions
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The Economic Theory Of Auctions
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Author : Paul Klemperer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000
The Economic Theory Of Auctions written by Paul Klemperer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Auctions categories.
This two-volume set collects critical papers in the economic theory of auctions. Klemperer (economics, Oxford U.) starts with an introduction that summarizes the most basic concepts of auction theory. Next, 31 papers discuss early literature; introduction to the recent literature; the basic analysis of optimal auctions, revenue, equivalence, and marginal revenues; risk aversion; correlation and affiliation; asymmetries; entry costs and the number of bidders; and collusion. In Volume II, 27 papers cover multiunit auctions; royalties, incentive, contracts and payments for quality; double auctions, etc.; other topics (budget constraints, externalities between bidders, jump bidding, war of attrition, and competing auctioneers); and testing the theory. The set lacks a subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Putting Auction Theory To Work
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Author : Paul Robert Milgrom
language : en
Publisher: Cambridge University Press
Release Date : 2004-01-12
Putting Auction Theory To Work written by Paul Robert Milgrom and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-12 with Business & Economics categories.
Table of contents
Auctions
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Author : Paul Klemperer
language : en
Publisher: Princeton University Press
Release Date : 2018-06-05
Auctions written by Paul Klemperer and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-05 with Business & Economics categories.
Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes. Engagingly written, the book makes the subject exciting not only to economics students but to anyone interested in auctions and their role in economics.
The Economic Theory Of Auctions 1 2000
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Author : Paul Klemperer
language : en
Publisher:
Release Date : 2000
The Economic Theory Of Auctions 1 2000 written by Paul Klemperer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
The Economic Theory Of Auctions 2 2000
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Author : Paul Klemperer
language : en
Publisher:
Release Date : 2000
The Economic Theory Of Auctions 2 2000 written by Paul Klemperer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Auction Theory
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Author : Vijay Krishna
language : en
Publisher: Academic Press
Release Date : 2009-09-28
Auction Theory written by Vijay Krishna and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-28 with Business & Economics categories.
Vijay Krishna’s 2e of Auction Theory improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna’s ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions. Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions New chapter on combinatorial auctions and new analyses of theory-informed applications New chapter-ending exercises and problems of varying difficulties support and reinforce key points
Discovering Prices
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Author : Paul Milgrom
language : en
Publisher: Columbia University Press
Release Date : 2017-05-23
Discovering Prices written by Paul Milgrom and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-23 with Business & Economics categories.
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.
Oligopoly Auctions And Market Quality
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Author : Krishnendu Ghosh Dastidar
language : en
Publisher: Springer
Release Date : 2017-08-29
Oligopoly Auctions And Market Quality written by Krishnendu Ghosh Dastidar and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-29 with Business & Economics categories.
This book provides an economic analysis of various aspects of ‘market quality’, a new concept which emerged in the 21st century, using the tools of ‘oligopoly theory’ and ‘auction theory’ that evolved over the 19th and 20th centuries. In the economics literature the link between the theories of oligopoly and auctions with market quality remains largely unexplored. This book attempts to forge such a link as it brings together relevant theoretical results in the literature on these topics under a unified framework. While the book is mainly theoretical in nature, it also discusses some specific issues related to the problems of market quality in emerging economies like India. Illustrated by carefully chosen examples, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview of the new field of market quality economics and are interested in some open research problems in this area. How should auctions and other allocation mechanisms be designed for oligopolistic industries to achieve such goals as efficiency, high-quality output and fast production? Krishnendu Ghosh Dastidar’s book offers novel analysis of this question and also some interesting answers. Highly recommended. Eric S. Maskin, Nobel laureate in Economics
Putting Auction Theory To Work
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Author : Paul R. Milgrom
language : en
Publisher:
Release Date : 2013
Putting Auction Theory To Work written by Paul R. Milgrom and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
I review the uses of economic theory in the initial design and later improvement of the "simultaneous ascending auction," which was developed initially for the sale of radio spectrum licenses in the United States. I analyze some capabilities and limitations of the auction, the roles of various detailed rules, the possibilities for introducing combinatorial bidding, and some considerations in adapting the auction for sales in which revenue, rather than efficiency, is the primary goal.
Why Every Economist Should Learn Some Auction Theory
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Author : Paul Klemperer
language : en
Publisher:
Release Date : 2000
Why Every Economist Should Learn Some Auction Theory written by Paul Klemperer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Auctions categories.
Lecture from the 8th World Congress of the Econometric Society 2000.