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Auctions : Theory and Practice / Paul Klemperer.

By: Material type: TextTextSeries: The Toulouse Lectures in EconomicsPublisher: Princeton, NJ : Princeton University Press, [2018]Copyright date: ©2004Description: 1 online resourceContent type:
Media type:
Carrier type:
ISBN:
  • 9780691186290
Subject(s): DDC classification:
  • 381/.17 22
Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- Contents -- Preface -- Introduction -- Part A: Introduction to the Theory -- Chapter One. A Survey of Auction Theory -- Part B: Applications to Other Areas of Economics -- Chapter Two. Why Every Economist Should Learn Some Auction Theory -- Part C: Practical Auction Design -- Chapter Three. What Really Matters in Auction Design -- Chapter Four. Using and Abusing Auction Theory -- Part D: Case Study: The ''3G'' Mobile-Phone Auctions -- Chapter Five. Overview of the European Auctions -- Chapter Six. Designing the UK Auction -- Chapter Seven. Bidder Strategies -- Chapter Eight. Were Auctions a Good Idea? -- Suggestions for Course Outlines -- Solutions to Exercises -- References -- Index
Summary: 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.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780691186290

Frontmatter -- Contents -- Preface -- Introduction -- Part A: Introduction to the Theory -- Chapter One. A Survey of Auction Theory -- Part B: Applications to Other Areas of Economics -- Chapter Two. Why Every Economist Should Learn Some Auction Theory -- Part C: Practical Auction Design -- Chapter Three. What Really Matters in Auction Design -- Chapter Four. Using and Abusing Auction Theory -- Part D: Case Study: The ''3G'' Mobile-Phone Auctions -- Chapter Five. Overview of the European Auctions -- Chapter Six. Designing the UK Auction -- Chapter Seven. Bidder Strategies -- Chapter Eight. Were Auctions a Good Idea? -- Suggestions for Course Outlines -- Solutions to Exercises -- References -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)