Screen LibraryAuctions /
"Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who s...
Saved in:
| Main Authors: | |
|---|---|
| Group Author: | |
| Published: |
MIT Press,
|
| Publisher Address: | Cambridge, Massachusetts : |
| Publication Dates: | [2015] |
| Literature type: | Book |
| Language: | English |
| Series: |
The MIT Press essential knowledge series
|
| Subjects: | |
| Summary: |
"Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-wo |
| Carrier Form: | xiii, 247 pages : illustrations ; 18 cm. |
| Bibliography: | Includes bibliographical references (pages [237]-240) and index. |
| ISBN: |
9780262528535 0262528533 |
| Index Number: | HF5476 |
| CLC: | F713.359 |
| Call Number: | F713.359/H876 |
| Contents: | Auction formats and pricing rules -- Modeling auctions -- Bidder behavior -- Other assumptions and rules -- Procurement -- Internet auctions -- Multi-unit and multi-object auctions -- Online ad auctions -- Reflections. |