Book by Menezes Flavio M Monteiro Paulo K
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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 principle...a very helpful collection of core results and techniques. (John Asker Economic Record)
Auction theory is now an important component of an economist's training. 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. It allows students and readers with a calculus background to work through all the basic results, covering 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.
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Hardcover. Zustand: new. Hardcover. Auction theory is now an important component of an economist's training. 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. It allows students and readers with a calculus background to work through allthe basic results, covering the basic independent-private-model; the effects of introducing correlation in valuations on equilibrium behaviour and the seller's expected revenue; mechanism design; and thetheory of multi-object auctions. Offering an introduction to Auction theory, this book discusses the basic independent-private-model, introducing correlation in valuations on equilibrium behavior and the seller's expected revenue, mechanism design, and the theory of multi-object auctions. It is meant for use in economics of information, mechanism design, and regulatory economics. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Bestandsnummer des Verkäufers 9780199275984
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