Risk Aversion And The Efficiency Of First And Second Price Auctions
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Author | : |
Publisher | : ScholarlyEditions |
Total Pages | : 1338 |
Release | : 2012-01-09 |
Genre | : Business & Economics |
ISBN | : 1464965048 |
Issues in General Economic Research and Application: 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about General Economic Research and Application. The editors have built Issues in General Economic Research and Application: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about General Economic Research and Application in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in General Economic Research and Application: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Author | : Vijay Krishna |
Publisher | : Academic Press |
Total Pages | : 337 |
Release | : 2009-09-28 |
Genre | : Business & Economics |
ISBN | : 0080922937 |
Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna's ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions. - Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions - New chapter on combinatorial auctions and new analyses of theory-informed applications - New chapter-ending exercises and problems of varying difficulties support and reinforce key points
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.
Author | : |
Publisher | : ScholarlyEditions |
Total Pages | : 593 |
Release | : 2012-01-09 |
Genre | : Business & Economics |
ISBN | : 1464921075 |
Economics: Advances in Research and Application: 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Economics and Organizations. The editors have built Economics: Advances in Research and Application: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Economics and Organizations in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics: Advances in Research and Application: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Author | : John H. Kagel |
Publisher | : Princeton University Press |
Total Pages | : 742 |
Release | : 2020-05-05 |
Genre | : Business & Economics |
ISBN | : 0691213259 |
This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.
Author | : Herbert Giersch |
Publisher | : Springer Science & Business Media |
Total Pages | : 362 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642608256 |
At the end of the century, privatization has become a worldwide phenomenon. It is taking place in what was once called the first, the second, and the third world. The volume mirrors this expansion of privatization. In Part I on the economics of privatization, historical, theoretical, and politico-economic issues are covered. In Part II country studies are presented for China, the Czech Republic, Eastern Germany, Estonia, Hungary, Poland, Russia and the United Kingdom. In Part III a broader view on privatization is taken by including deregulation and the private provision of public goods and services.The book contains contributions by D.BAs, T.Eggertsson, R.P.Heinrich, P. Jasinski, H.Klodt, B.Krug, D.Lal, S.C.Littlechild, M. Mejstrik, P.Mihalyi, P.Plane, J.-J.Rosa, K.M.Schmidt and M.Schnitzer, and U.Siegmund.
Author | : David Mueller |
Publisher | : Springer |
Total Pages | : 453 |
Release | : 2017-09-21 |
Genre | : Business & Economics |
ISBN | : 331961603X |
This book demonstrates what kind of problems, originating in a management accounting setting, may be solved with game theoretic models. Game theory has experienced growing interest and numerous applications in the field of management accounting. The main focus traditionally has been on the field of non-cooperative behaviour, but the area of cooperative game theory has developed rapidly and has received increasing attention. Intensive research, in combination with the changing culture of publishing, has produced a nearly unmanageable number of publications in the areas concerned. Therefore, one main purpose of this volume is providing an intensive analysis of the intersection of these areas. In addition, the book strengthens the relationship between the theory and the practical applications and it illustrates the two-sided relationship between game theory and management accounting: new game theoretic models offer new fields of applications and these applications raise new questions for the theory.
Author | : Ralph Cassady Jr. |
Publisher | : Univ of California Press |
Total Pages | : 346 |
Release | : 2023-04-28 |
Genre | : Business & Economics |
ISBN | : 0520322258 |
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1967.
Author | : H. Peyton Young |
Publisher | : American Mathematical Soc. |
Total Pages | : 188 |
Release | : 1985-12-31 |
Genre | : Mathematics |
ISBN | : 9780821867402 |
This collection of six papers provides a valuable source of material on the real-world problem of allocating objects among competing claimants. The examples given show how mathematics, particularly the axiomatic method, can be applied to give insight into complex social problems. Originally presented as an AMS Short Course, these papers could serve as a suitable text for courses touching on game theory, decision sciences, economics, or quantitative political science. Most of the material is accessible to the mathematically mature undergraduate with a background in advanced calculus and algebra. Each article surveys the recent literature and includes statements and sketches of proofs, as well as unsolved problems which should excite student curiosity. The articles analyze the question of fair allocation via six examples: the apportionment of political representation, the measurement of income inequality, the allocation of joint costs, the levying of taxes, the design of voting laws, and the framing of auction procedures. In each of these examples fairness has a somewhat different significance, but common axiomatic threads reveal broad underlying principles. Each of the topics is concerned with norms of comparative equity for evaluating allocations or with standards of procedures for effecting them; it is this focus on normative properties which suggests that a mathematical analysis is appropriate. Though game theory provides a useful tool in many of these allocation problems, the emphasis here is on standards rather than strategy and equity rather than rationality, an approach which more accurately mirrors real-world social problems.
Author | : Vernon L. Smith |
Publisher | : Cambridge University Press |
Total Pages | : 829 |
Release | : 1991-11-29 |
Genre | : Business & Economics |
ISBN | : 0521364566 |
A collection of the major papers of Vernon L. Smith, the main creator of the new field of experimental economics.