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.

Networks, Crowds, and Markets

Networks, Crowds, and Markets
Author: David Easley
Publisher: Cambridge University Press
Total Pages: 745
Release: 2010-07-19
Genre: Computers
ISBN: 1139490303

Are all film stars linked to Kevin Bacon? Why do the stock markets rise and fall sharply on the strength of a vague rumour? How does gossip spread so quickly? Are we all related through six degrees of separation? There is a growing awareness of the complex networks that pervade modern society. We see them in the rapid growth of the internet, the ease of global communication, the swift spread of news and information, and in the way epidemics and financial crises develop with startling speed and intensity. This introductory book on the new science of networks takes an interdisciplinary approach, using economics, sociology, computing, information science and applied mathematics to address fundamental questions about the links that connect us, and the ways that our decisions can have consequences for others.

Auctions

Auctions
Author: Paul Klemperer
Publisher: Princeton University Press
Total Pages: 262
Release: 2004-03-28
Genre: Business & Economics
ISBN: 0691119252

Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes. Engagingly written, the book makes the subject exciting not only to economics students but to anyone interested in auctions and their role in economics.

Current Trends in Economics

Current Trends in Economics
Author: Ahmet Alkan
Publisher: Springer Science & Business Media
Total Pages: 541
Release: 2013-04-17
Genre: Business & Economics
ISBN: 3662037505

In 1990, the Society for the Advancement of Economic Theory (SAET) was founded with the main purpose to advance our knowledge in theoretical economics and to facilitate communication among researchers in economics, mathematics, game theory and any other field which is po tentially useful to economic theory. To achieve these goals, SAET sponsors the research journal Economic Theory published by Springer-Verlag and holds international conferences every other year. The first two conferences SAET took place in the island of Cephalonia, Greece, in the summers of of 1993 and 1995. In the summer of 1997, the conference was held in Antalya, Turkey. The twenty-nine papers in this volume are mostly by participants in the Antalya meeting of SAET and form a broad sample of the 150 papers pre sented there. Topics covered include cooperative and noncooperative games, social choice and welfare, bargaining, matchings, auctions, mechanism de sign, general equilibrium, general equilibrium with finance, industrial or ganization, macroeconomics, and experimental economics. We have chosen to present the papers according to the alphabetical order of first author names instead of grouping them by topic or theme. We have appended a complete listing of the sessions in the conference together with a list of program committee members and of sponsors at the end of the volume.

The Garage Sale Millionaire

The Garage Sale Millionaire
Author: Aaron LaPedis
Publisher: John Wiley & Sons
Total Pages: 165
Release: 2012-05-31
Genre: Business & Economics
ISBN: 1118408004

The get rich guide to garage sale foraging and urban treasure hunting Garage sales, thrifts stores, and storage unit auctions can be gold mines for those who know what they're looking for, and The Garage Sale Millionaire gives readers everything they need to dig deep and win big. Written by two expert collectors with more than sixty years of combined experience, the book is packed with need-to-know information and insider tips that would-be treasure hunters can use to track down hard to find lost treasures, hidden gems, and coveted collectible items which, upon resale, can yield a fortune. Giving even the most inexperienced collector the skills and expertise to buy, value, and sell their way to success, the book shows how anyone can turn garage sale garbage into cash. Newly revised and updated, The Garage Sale Millionaire also explains how to get the most bang for your buck when reselling—by holding the greatest garage sale ever. Presents exclusive insider tips on how to track down hidden treasures Reveals the best ways to resell at profit Explains how to use eBay & Craigslist for profit Includes an in-depth glossary on collecting for on-the-go advice Explains how to make money at storage unit auctions & thrift stores Essential reading for anyone interested in collecting, bargain hunting, or just making some money, The Garage Sale Millionaire will change the way you see garage sales forever.

Combinatorial Auctions

Combinatorial Auctions
Author: Peter C. Cramton
Publisher: MIT Press (MA)
Total Pages: 678
Release: 2006
Genre: Business & Economics
ISBN:

A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.

The Double Auction Market

The Double Auction Market
Author: Daniel Friedman
Publisher: Routledge
Total Pages: 426
Release: 2018-05-04
Genre: Social Science
ISBN: 0429972164

This book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations.

An Introduction to Auction Theory

An Introduction to Auction Theory
Author: Flavio M. Menezes
Publisher: Oxford University Press, USA
Total Pages: 200
Release: 2005
Genre: Business & Economics
ISBN: 0199275998

This book provides a step-by-step, self-contained treatment of auction theory and aims to provide an introductory treatment to allow students to work through all the basic results. The techniques and insights gained provide a useful starting point for those wanting to venture into information economics, mechanism design and regulatory economics.