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Record Nr. |
UNINA9910457605403321 |
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Autore |
Milgrom Paul R (Paul Robert), <1948-> |
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Titolo |
Putting auction theory to work / / Paul Milgrom [[electronic resource]] |
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Pubbl/distr/stampa |
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Cambridge : , : Cambridge University Press, , 2004 |
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ISBN |
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1-107-71323-4 |
1-283-32916-6 |
9786613329165 |
0-511-16543-9 |
0-511-81382-1 |
0-511-16612-5 |
0-511-16417-3 |
0-511-55570-9 |
0-511-16497-1 |
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Descrizione fisica |
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1 online resource (xxii, 368 pages) : digital, PDF file(s) |
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Collana |
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Churchill lectures in economics |
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Disciplina |
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Soggetti |
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Auctions - Mathematical models |
Auction theory |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Title from publisher's bibliographic system (viewed on 05 Oct 2015). |
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Nota di bibliografia |
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Includes bibliographical references (p. 339-346) and indexes. |
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Nota di contenuto |
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Getting to work -- Vickrey-Clarke-Groves mechanisms -- The envelope theorem and payoff equivalence -- Bidding equilibrium and revenue differences -- Interdependence of types and values -- Auctions in context -- Uniform price auctions -- Package auctions and combinatorial bidding. |
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Sommario/riassunto |
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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 |
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