Auction Theory

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  • Publisher : Springer Nature
  • Release : 24 May 2021
  • ISBN : 9783030695750
  • Page : 296 pages
  • Rating : 4.5/5 from 103 voters

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This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on practical examples, this textbook offers over 80 exercises that predict bidders’ equilibrium behaviour in different auction formats, along with the seller’s strategic incentives to organize one auction format over the other. The book emphasizes game-theoretic tools, so students can apply similar tools to other auction formats. Also included are several exercises based on published articles, with the model reduced to its main elements and the question divided into several easy-to-answer parts. Little mathematical background in algebra and calculus is assumed, and most algebraic steps and simplifications are provided, making the text ideal for upper undergraduate and graduate students. The book begins with a discussion of second-price auctions, which can be studied without using calculus, and works through progressively more complicated auction scenarios: first-price auctions, all-pay auctions, third-price auctions, the Revenue Equivalence principle, common-value auctions, multi-unit auctions, and procurement auctions. Exercises in each chapter are ranked according to their difficulty, with a letter (A-C) next to the exercise title, which allows students to pace their studies accordingly. The authors also offer a list of suggested exercises for each chapter, for instructors teaching at varying levels: undergraduate, Masters, Ph.D. Providing a practical, customizable approach to auction theory, this textbook is appropriate for students of economics, finance, and business administration. This book may also be used for related classes such as game theory, market design, economics of information, contract theory, or topics in microeconomics.

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Auction Theory

Auction Theory
  • Author : Pak-Sing Choi,Felix Munoz-Garcia
  • Publisher : Springer Nature
  • Release Date : 2021-05-24
  • ISBN : 9783030695750
GET THIS BOOKAuction Theory

This textbook provides a short introduction to auction theory through exercises with detailed answer keys. Focusing on practical examples, this textbook offers over 80 exercises that predict bidders’ equilibrium behaviour in different auction formats, along with the seller’s strategic incentives to organize one auction format over the other. The book emphasizes game-theoretic tools, so students can apply similar tools to other auction formats. Also included are several exercises based on published articles, with the model reduced to its main elements

Putting Auction Theory to Work

Putting Auction Theory to Work
  • Author : Paul Milgrom
  • Publisher : Cambridge University Press
  • Release Date : 2004-01-12
  • ISBN : 9781139449168
GET THIS BOOKPutting Auction Theory to Work

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

Auction Theory

Auction Theory
  • Author : Vijay Krishna
  • Publisher : Academic Press
  • Release Date : 2009-09-28
  • ISBN : 9780080922935
GET THIS BOOKAuction Theory

Vijay Krishna’s 2e of Auction Theory improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna’s ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory

An Introduction to Auction Theory

An Introduction to Auction Theory
  • Author : Flavio M. Menezes,Paulo Klinger Monteiro
  • Publisher : Oxford University Press, USA
  • Release Date : 2005
  • ISBN : 0199275998
GET THIS BOOKAn Introduction to Auction Theory

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

Auctions

Auctions
  • Author : Paul Klemperer
  • Publisher : Princeton University Press
  • Release Date : 2004-03-28
  • ISBN : 9780691119250
GET THIS BOOKAuctions

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

Auction Theory for Computer Networks

Auction Theory for Computer Networks
  • Author : Dusit Niyato,Nguyen Cong Luong,Ping Wang,Zhu Han
  • Publisher : Cambridge University Press
  • Release Date : 2020-06-11
  • ISBN : 9781108480765
GET THIS BOOKAuction Theory for Computer Networks

Acquire the tools to address emerging challenges in modern computer networks with this multidisciplinary review of the fundamentals.

Game Theory Bargaining and Auction Strategies

Game Theory Bargaining and Auction Strategies
  • Author : Gregor Berz
  • Publisher : Springer
  • Release Date : 2016-04-30
  • ISBN : 9781137475428
GET THIS BOOKGame Theory Bargaining and Auction Strategies

This text bridges the gulf between theoretical economic principles of negotiation and auction theory and their multifaceted applications in actual practice. It is intended to be a supplement to the already existing literature, as a comprehensive collection of reports detailing experiences and results of very different negotiations and auctions.

Putting Auction Theory to Work

Putting Auction Theory to Work
  • Author : Paul Milgrom,Paul Robert Milgrom
  • Publisher : Cambridge University Press
  • Release Date : 2004-01-12
  • ISBN : 0521536723
GET THIS BOOKPutting Auction Theory to Work

Table of contents

An Introduction to Auction Theory

An Introduction to Auction Theory
  • Author : Flavio M. Menezes,Paulo K. Monteiro
  • Publisher : Oxford University Press on Demand
  • Release Date : 2005
  • ISBN : 019927598X
GET THIS BOOKAn Introduction to Auction Theory

The practical importance of auction theory is widely recognized. This is an introduction to the basic theory of auction that provided the insights for the design of auctions such as the sale of spectrum for mobiles telecommunications and the sale of former government-owned companies around the globe.

Auction Theory

Auction Theory
  • Author : IntroBooks
  • Publisher : IntroBooks
  • Release Date : 2018-02-18
  • ISBN : 0987654321XXX
GET THIS BOOKAuction Theory

This theory finds its origins in field of economics. It is said to be an applied branch of the very same field. In this theory, many ways in which people act in auctions are included. This theory also describes properties possessed by auction markets. An auction may follow a certain rule or set of multiple rules. Such sets of rules are known as auction designs. These designs are also a part of this particular theory. Auction theory is said to

Combinatorial Auctions

Combinatorial Auctions
  • Author : Peter C. Cramton,Yoav Shoham,Richard Steinberg
  • Publisher : Mit Press
  • Release Date : 2006
  • ISBN : STANFORD:36105114403814
GET THIS BOOKCombinatorial Auctions

A synthesis of theoretical and practical research on combinatorial auctions from theperspectives of economics, operations research, and computer science.

Game Theory in Wireless and Communication Networks

Game Theory in Wireless and Communication Networks
  • Author : Zhu Han,Dusit Niyato,Walid Saad,Tamer Başar,Are Hjørungnes
  • Publisher : Cambridge University Press
  • Release Date : 2012
  • ISBN : 9780521196963
GET THIS BOOKGame Theory in Wireless and Communication Networks

This unified 2001 treatment of game theory focuses on finding state-of-the-art solutions to issues surrounding the next generation of wireless and communications networks. The key results and tools of game theory are covered, as are various real-world technologies and a wide range of techniques for modeling, design and analysis.

Auctions - Theory and practical application

Auctions - Theory and practical application
  • Author : Christina Haring
  • Publisher : GRIN Verlag
  • Release Date : 2004-03-11
  • ISBN : 9783638260541
GET THIS BOOKAuctions - Theory and practical application

Seminar paper from the year 2003 in the subject Business economics - Trade and Distribution, grade: 2,1 (UK-Note: 60 (B)), City University London (International Business Economics), 10 entries in the bibliography, language: English, abstract: For centuries, auctions are used to buy and sell goods and are regarded as an appropriate and effective method of a dynamical pricing procedure. In the last decades, economists are increasingly engaged in finding new, more efficient ways of auctions and developing the belonging strategies for bidders and sellers. Nowadays

Discovering Prices

Discovering Prices
  • Author : Paul Milgrom
  • Publisher : Columbia University Press
  • Release Date : 2017-05-23
  • ISBN : 9780231544573
GET THIS BOOKDiscovering Prices

Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off

Handbook of Corporate Finance

Handbook of Corporate Finance
  • Author : B. Espen Eckbo
  • Publisher : Elsevier
  • Release Date : 2007-05-21
  • ISBN : 0080488919
GET THIS BOOKHandbook of Corporate Finance

Judging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms’ financing and investment decisions—empirical corporate finance—has become a dominant field in financial economics. The growing interest in everything “corporate is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific—but nevertheless important—source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This