Format:
1 Online-Ressource (xxii, 368 Seiten)
ISBN:
9780511813825
Series Statement:
Churchill lectures in economics
Uniform Title:
Putting auction theory to work (2004)
Content:
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
Note:
E-Ausgabe entspricht dem Nachdruck 2008 der Print-Ausgabe
Additional Edition:
Erscheint auch als Druck-Ausgabe, Hardcover ISBN 978-0-521-55184-7
Additional Edition:
Erscheint auch als Druck-Ausgabe, Paperback ISBN 978-0-521-53672-1
Language:
English
Subjects:
Economics
Keywords:
Auktionstheorie
;
Mathematisches Modell
;
Spieltheorie
DOI:
10.1017/CBO9780511813825
URL:
Volltext
(URL des Erstveröffentlichers)
