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Putting Auction Theory to Work
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Putting Auction Theory to Work Hardcover - 2004 - 1st Edition

by Paul Milgrom


Summary

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.

First line

To most telecommunications industry commentators, the main significance of the US spectrum auctions was that a market mechanism was used at all.

Details

  • Title Putting Auction Theory to Work
  • Author Paul Milgrom
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Pages 394
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Date 2004-01-12
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • ISBN 9780521551847 / 0521551846
  • Weight 1.43 lbs (0.65 kg)
  • Dimensions 9.46 x 6.22 x 1.02 in (24.03 x 15.80 x 2.59 cm)
  • Library of Congress subjects Auctions - Mathematical models
  • Library of Congress Catalog Number 2003051544
  • Dewey Decimal Code 381.170
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Putting Auction Theory to Work (Churchill Lectures in Economics)
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Putting Auction Theory to Work (Churchill Lectures in Economics)

by Milgrom, Paul

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Cambridge University Press, 2004. First Edition. Hardcover. Like New. 6x1x9. A nearly new hardback with no defects, just a few hardly noticeable rubs and bumps and a 'damaged' stamp to one of the preliminary pages. Despite such this book looks and feels unread with contents that are crisp, fresh and tight. Thus a very nice book in great condition, now offered for sale at a reasonable price.
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Putting Auction Theory to Work
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Putting Auction Theory to Work

by Paul Milgrom

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Hardback. New. A comprehensive introduction to modern auction theory and its applications. 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.
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€93.88
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Putting Auction Theory to Work

Putting Auction Theory to Work

by Paul Milgrom

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9780521551847 / 0521551846
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Hard Cover. New. New Book; Fast Shipping from UK; Not signed; Not First Edition; A comprehensive introduction to modern auction theory and its applications. 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
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Putting Auction Theory to Work (Churchill Lectures in Economics)
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Putting Auction Theory to Work (Churchill Lectures in Economics)

by Paul R. Milgrom

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Cambridge Univ Pr, 2004. Hardcover. New. reprint edition. 392 pages. 9.00x6.00x1.00 inches.
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Putting Auction Theory to Work (Churchill Lectures in Economics)
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Putting Auction Theory to Work (Churchill Lectures in Economics)

by Milgrom, Paul

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Putting Auction Theory to Work (Churchill Lectures in Economics)
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Putting Auction Theory to Work (Churchill Lectures in Economics)

by Milgrom, Paul

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Putting Auction Theory to Work (Churchill Lectures in Economics)
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Putting Auction Theory to Work (Churchill Lectures in Economics)

by Milgrom, Paul

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