Multi Unit Auctions In Which Almost Every Bid Wins
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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.
Handbook of Experimental Game Theory
| Author | : C. M. Capra |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 443 |
| Release | : 2020-10-30 |
| Genre | : Business & Economics |
| ISBN | : 1785363336 |
The aim of this Handbook is twofold: to educate and to inspire. It is meant for researchers and graduate students who are interested in taking a data-based and behavioral approach to the study of game theory. Educators and students of economics will find the Handbook useful as a companion book to conventional upper-level game theory textbooks, enabling them to compare and contrast actual behavior with theoretical predictions. Researchers and non-specialists will find valuable examples of laboratory and field experiments that test game theoretic propositions and suggest new ways of modeling strategic behavior. Chapters are organized into several sections; each section concludes with an inspirational chapter, offering suggestions on new directions and cutting-edge topics of research in experimental game theory.
Foundations in Microeconomic Theory
| Author | : Matthew O. Jackson |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 541 |
| Release | : 2008-11-30 |
| Genre | : Business & Economics |
| ISBN | : 3540740570 |
This volume collects papers from Hugo Sonnenschein's students. It aims to demonstrate his tremendous impact as an advisor. The papers span decades and present some of the most important articles in microeconomic theory. Each paper is accompanied with a preface by the student providing background on the paper and indicating Hugo's influence on its genesis. The papers all lie in microeconomic theory, and moreover all make fundamental contributions to the foundations of the theory.
Negotiation, Auctions, and Market Engineering
| Author | : Henner Gimpel |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 242 |
| Release | : 2008-02-05 |
| Genre | : Computers |
| ISBN | : 3540775544 |
This book contains a selection of papers presented at the International Seminar "Negotiation and Market Engineering", held at Dagstuhl Castle, Germany, in November 2006. The 17 revised full papers presented were carefully selected and reviewed. The papers deal with the complexity of negotiations, auctions, and markets as economic, social, and IT systems. The authors give a broad overview on the major issues to be addressed and the methodologies used to approach them.
Handbook of Experimental Economics Results
| Author | : Charles R. Plott |
| Publisher | : Elsevier |
| Total Pages | : 1175 |
| Release | : 2008-08-21 |
| Genre | : Business & Economics |
| ISBN | : 0444826424 |
While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appears blurred and may produce uncertain results. The contributors to this volume have provided brief notes describing specific experimental results.
Large-scale Multi-item Auctions
| Author | : Sascha Michael Schweitzer |
| Publisher | : KIT Scientific Publishing |
| Total Pages | : 212 |
| Release | : 2014-10-16 |
| Genre | : Business & Economics |
| ISBN | : 3866449046 |
This book presents two experimental studies that deal with the comparison of multi-item auction designs for two specific applications: the sale of 2.6 GHz radio spectrum rights in Europe, and the sale of emissions permits in Australia. In order to tackle the complexity of these experiments, a cognitively based toolkit is proposed, including modularized video instructions, comprehension tests, a learning platform, a graphical one-screen user interface, and comprehension-based group matching.
Auctioning Public Assets
| Author | : Maarten Christiaan Wilhelmus Janssen |
| Publisher | : Cambridge University Press |
| Total Pages | : 340 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 9780521537575 |
In many countries all over the world, governments are privatising firms that were previously under public control. This is happening, for example, in public utility sectors such as gas, water and electricity, in transport sectors (such as rail and metro) and in radio and telephony. This book provides an overview of the economic issues that are involved in this transfer of ownership of public assets. Combining a theoretical framework with a set of case studies of recent sales of state-owned assets from Europe and the USA, it asks which sort of allocation mechanism can a government adopt? Which is most suited to a particular sale? And how will the choice of allocation mechanism affect future market outcomes? With contributions from international experts, this book offers an accessible introduction to auction theory and an invaluable, non-technical analysis of existing knowledge. It will be of interest to students, non-specialists and policy-makers alike.
The New Palgrave Dictionary of Economics
| Author | : |
| Publisher | : Springer |
| Total Pages | : 7493 |
| Release | : 2016-05-18 |
| Genre | : Law |
| ISBN | : 1349588024 |
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
