Auction Catalogue Books Of C A Davy Et Al 30 To 31 July 1970
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Putting Auction Theory to Work
Author | : Paul Milgrom |
Publisher | : Cambridge University Press |
Total Pages | : 378 |
Release | : 2004-01-12 |
Genre | : Business & Economics |
ISBN | : 1139449168 |
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.
Book Auction Records
Author | : Frank Karslake |
Publisher | : |
Total Pages | : 568 |
Release | : 1979 |
Genre | : Autographs |
ISBN | : |
A priced and annotated annual record of international book auctions.
Daily Graphic
Author | : George Aidoo |
Publisher | : Graphic Communications Group |
Total Pages | : 18 |
Release | : 1970-07 |
Genre | : |
ISBN | : |
Experimental Auctions
Author | : Jayson L. Lusk |
Publisher | : Cambridge University Press |
Total Pages | : 316 |
Release | : 2007-11-08 |
Genre | : Business & Economics |
ISBN | : 9780521671248 |
Economists, psychologists, and marketers are interested in determining the monetary value people place on non-market goods for a variety of reasons: to carry out cost-benefit analysis, to determine the welfare effects of technological innovation or public policy, to forecast new product success, and to understand individual and consumer behavior. Unfortunately, many currently available techniques for eliciting individuals' values suffer from a serious problem in that they involve asking individuals hypothetical questions about intended behavior. Experimental auctions circumvent this problem because they involve individuals exchanging real money for real goods in an active market. This represents a promising means for eliciting non-market values. Lusk and Shogren provide a comprehensive guide to the theory and practice of experimental auctions. It will be a valuable resource to graduate students, practitioners and researchers concerned with the design and utilization of experimental auctions in applied economic and marketing research.