Auctions : theory and practice

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; an...

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Autor principal: Klemperer, Paul David, 1956-
Format: Livre numérique
Idioma:Anglais
Publicat: Princeton, N.J ; Oxford : Princeton University Press 2018.
Matèries:
Accés en línia:Accès Université Orléans et IFPM
Nota: Couverture. https://static2.cyberlibris.com/books_upload/136pix/9780691186290.jpg
Titre provenant de la page de titre du document numérique
La pagination de l'édition imprimée correspondante est de 263 p.
Cyberlibris (ScholarVox) corpus sciences économiques et gestion
Autres localisations: Voir dans le Sudoc
Edition sous un autre format:• Auctions, theory and practice, Paul Klemperer, 2004, Princeton, N.J., Princeton University Press, 1 vol. (XIII-246 p.), Toulouse lectures in economics, 0-691-11925-2
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520 |a 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" (Editor's description) 
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