An Introduction to Auction Theory [English] von Flavio M. Menezes (Autor) Mathematik Informatik Maths Finanzmathematik Wirtschaftsmathematik Wirtschaftswissenschaften Ökonomie BWL VWL Volkswirtschaftslehre Lexika Wirtschaftslehre Volkswirtschaftslehre Mikroökonomie

Language: English

Published by Oxford University Press, USA, 2008

0199275998 / 9780199275991

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Seller: BUCHSERVICE / ANTIQUARIAT Lars Lutzer, Wahlstedt, GermanyBUCHSERVICE / ANTIQUARIAT Lars Lutzer

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The practical importance of auction theory is widely recognized. Indeed, economists have been recognized for their contribution to the design of several auction-like mechanisms, such as the U. S. Federal Communications Commission spectrum auctions, the 3G auctions in Europe and beyond, and the auction markets for electricity markets around the world. Moreover, auction theory is now seen as an important component of an economist's training. For example, some of the more celebrated results from the single-object auction theory are now usually taught in advanced undergraduate and first-year graduate courses on the economics of information. The techniques and insights gained from the study of auction theory provide a useful starting point for those who want to venture into the economics of information, mechanism design, and regulatory economics. This book provides a step-by-step, self-contained treatment of the theory of auctions. The aim is to provide an introductory textbook that will allow students and readers with a calculus background to work through all the basic results. Coverage includes: the basic independent-private-model; the effects of introducing correlation in valuations on equilibrium behaviour and the seller's expected revenue; mechanism design; and the theory of multi-object auctions. The paperback edition of the text includes a new chapter which acts as a guide to current developments in auction theory. Although the book focuses squarely on auctions, it is likely to be helpful in courses dealing with information economics generally. A particular virtue of the book is the tangible, hands-on, approach taken to explaining the revelation principlea very helpful collection of core results and techniques. John Asker Economic Record Synopsis The practical importance of auction theory is widely recognized. Indeed, economists have been recognized for their contribution to the design of several auction-like mechanisms, such as the U. S. Federal Communications Commission spectrum auctions, the 3G auctions in Europe and beyond, and the auction markets for electricity markets around the world. Moreover, auction theory is now seen as an important component of an economist's training. For example, some of the more celebrated results from the single-object auction theory are now usually taught in advanced undergraduate and first-year graduate courses on the economics of information. The techniques and insights gained from the study of auction theory provide a useful starting point for those who want to venture into the economics of information, mechanism design, and regulatory economics. This book provides a step-by-step, self-contained treatment of the theory of auctions. The aim is to provide an introductory textbook that will allow students and readers with a calculus background to work through all the basic results.Coverage includes: the basic independent-private-model; the effects of introducing correlation in valuations on equilibrium behaviour and the seller's expected revenue; mechanism design; and the theory of multi-object auctions. The paperback edition of the text includes a new chapter which acts as a guide to current developments in auction theory. Zum Inhalt: Dem standardmäßigen Anfang mit Independent-Private-Value-Standard-Auktionen folgen andere Informationskonzepte, darunter auch das Affiliated Model sowie die Auflösung der Standardannahmen. Natürlich fehlt auch nicht das obligartorische Mechanism-Design-Kapitel. Ebenfalls bahandelt werden Mehrgüterauktionen. Anders als das sehr theoretische Buch von Krishna(2002), ist das Buch wesentlich anwendungsorientierter. Das liegt wohl auch daran, dass dem Buch eine Vorlesung zu Grunde liegt. Trotz des guten didaktischen Aufbaus, ist es trotzdem eine Menge Arbeit sich in das Thema Auktion einzuarbeiten, was allerdings nicht am Buch, sondern vielmehr am komplexen Thema liegt. Behandelt werden zudem eine Menge Konzepte und Spezialfällen. Benötigt man konkrete Beispiele is.…

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Title
An Introduction to Auction Theory [English] von Flavio M. Menezes (Autor) Mathematik Informatik Maths Finanzmathematik Wirtschaftsmathematik Wirtschaftswissenschaften Ökonomie BWL VWL Volkswirtschaftslehre Lexika Wirtschaftslehre Volkswirtschaftslehre Mikroökonomie
Author
Flavio M. Menezes (Autor)
Publisher
Oxford University Press, USA
Publication year
2008
Condition
gut
Binding
Softcover
Language
English
ISBN 10
0199275998
ISBN 13
9780199275991
Edition
2008.
Item weight
2,000 grams

BUCHSERVICE / ANTIQUARIAT Lars Lutzer

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