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020 _a9780691186290
_qPDF
024 7 _a10.1515/9780691186290
_2doi
035 _a(DE-B1597)9780691186290
035 _a(DE-B1597)501752
035 _a(OCoLC)1076477428
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS069030
_2bisacsh
082 0 4 _a381/.17
_222
084 _aonline - DeGruyter
100 1 _aKlemperer, Paul
_eautore
245 1 0 _aAuctions :
_bTheory and Practice /
_cPaul Klemperer.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2018]
264 4 _c©2004
300 _a1 online resource
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aThe Toulouse Lectures in Economics
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tIntroduction --
_tPart A: Introduction to the Theory --
_tChapter One. A Survey of Auction Theory --
_tPart B: Applications to Other Areas of Economics --
_tChapter Two. Why Every Economist Should Learn Some Auction Theory --
_tPart C: Practical Auction Design --
_tChapter Three. What Really Matters in Auction Design --
_tChapter Four. Using and Abusing Auction Theory --
_tPart D: Case Study: The ''3G'' Mobile-Phone Auctions --
_tChapter Five. Overview of the European Auctions --
_tChapter Six. Designing the UK Auction --
_tChapter Seven. Bidder Strategies --
_tChapter Eight. Were Auctions a Good Idea? --
_tSuggestions for Course Outlines --
_tSolutions to Exercises --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aGovernments 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.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9780691186290?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9780691186290
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9780691186290.jpg
942 _cEB
999 _c194202
_d194202