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

by Paul Milgrom

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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.

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From the publisher

Providing a comprehensive introduction to modern auction theory and its important new applications, this book 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 volume provides the most up-to-date analysis of traditional theories of "optimal auctions" as well as newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. It explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. Paul Milgrom is the Leonard and Shirley Ely Professor of Humanities and Sciences and Professor of Economics, Stanford University. He is the author of more than sixty articles and co-author of the influential textbook, Economics, Organization and Management (Prentice Hall, 1992). Professor Milgrom is a pioneer in the economic theory of auctions and co-designer of the simultaneous, multiple round auction that the FCC adopted for selling radio spectrum licenses.

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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 Hardback
  • Edition number 1st
  • Edition 1
  • Pages 394
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Publication 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)
  • Category Business / Economics / Finance
  • Library of Congress subjects Auctions - Mathematical models
  • Library of Congress Catalogue 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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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

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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Putting Auction Theory to Work

Putting Auction Theory to Work

by Paul Milgrom

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Hardcover. 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
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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, 2004-01-12. 1. hardcover. New. 6.00x1.00x9.00. Buy with confidence. Excellent Customer Service & Return policy.
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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 Milgrom

  • New
  • Hardback
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Hardcover
ISBN 10 / ISBN 13
9780521551847 / 0521551846
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Cambridge University Press, 2004. New/New. Author: Paul MilgromPublisher: Cambridge University PressISBN: 9780521551847Release Date: 2004Languages: EnglishBinding: HardcoverNumber Of Pages: 394Details: Providing a comprehensive introduction to modern auction theory and its important new applications, this book 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 volume provides the most up-to-date analysis of traditional theories of ""optimal auctions"" as well as newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. It explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. Paul Milgrom is the Leonard and Shirley Ely Professor of Humanities and Sciences and Professor of Economics, Stanford University. He is the author of more… Read more
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Putting Auction Theory To Work
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Putting Auction Theory To Work

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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9780521551847 / 0521551846
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Cambridge University Press, 2004-01-12. Hardcover. New. New. In shrink wrap. Looks like an interesting title!
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