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Putting Auction Theory to Work

Putting Auction Theory to Work

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Putting Auction Theory to Work

by Paul Milgrom

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  • Paperback
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New
ISBN 10
0521536723
ISBN 13
9780521536721
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About This Item

Paperback / softback. New. A comprehensive introduction to modern auction theory and its applications. 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.

Synopsis

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.

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Details

Bookseller
The Saint Bookstore GB (GB)
Bookseller's Inventory #
B9780521536721
Title
Putting Auction Theory to Work
Author
Paul Milgrom
Format/Binding
Paperback / softback
Book Condition
New New
Quantity Available
5
Binding
Paperback
ISBN 10
0521536723
ISBN 13
9780521536721
Publisher
Cambridge University Press
Place of Publication
West Nyack, New York, U.s.a.
This edition first published
January 12, 2004

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About the Seller

The Saint Bookstore

Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
Biblio member since 2018
Southport, Merseyside

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A new book is a book previously not circulated to a buyer. Although a new book is typically free of any faults or defects, "new"...
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