Auctions – Theory and Practice
Autor Paul Klempereren Limba Engleză Paperback – 22 apr 2004
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.
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Specificații
ISBN-13: 9780691119250
ISBN-10: 0691119252
Pagini: 264
Dimensiuni: 166 x 238 x 17 mm
Greutate: 0.37 kg
Ediția:New.
Editura: Princeton University Press
Locul publicării:Princeton, United States
ISBN-10: 0691119252
Pagini: 264
Dimensiuni: 166 x 238 x 17 mm
Greutate: 0.37 kg
Ediția:New.
Editura: Princeton University Press
Locul publicării:Princeton, United States
Notă biografică
Paul Klemperer is the Edgeworth Professor of Economics at Oxford University and a Fellow of the British Academy and of the Econometric Society.