Putting Auction Theory to Work

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.

Auction Tracker

Auction Tracker
Author: Collector Books
Publisher:
Total Pages: 0
Release: 2000-08
Genre: Auctions
ISBN: 9781574322118

Conveniently housed in a 3-ring binder, the organizer's pages help users log and preserve necessary information about their current and past auctions. Simple forms for both buyers and sellers are provided. Buying forms include places to record item number, auction site, description, minimum bid, reserve price, and shipping costs, as well as information about the seller of the item: name, address, method shipped, and feedback statistics. If you are selling items online, seller forms are also included in the same binder, with blanks for maker/brand, marks, condition, listing time & date, ending time & date, price sold for, number of bids, and sections for recording details about the buyer. This is the perfect tool for both buyers and sellers, and can be used for either traditional or online auctions. No prices. REVIEW: This book has been the #1 choice of Avon representatives and Avon collectors since 1969. Over 200 categories including Avon Representative Awards are featured, as well as what's hot and what's not in Avon collecting. This is the only complete book on the market that covers the Avon collecting hobby. -Phillip Norris