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The Resource A primer on auction design, management, and strategy, David J. Salant

A primer on auction design, management, and strategy, David J. Salant

Label
A primer on auction design, management, and strategy
Title
A primer on auction design, management, and strategy
Statement of responsibility
David J. Salant
Creator
Subject
Language
eng
Summary
Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and comprehensive rules. Because auctions are essentially complex negotiations that occur within a fully defined and rigid set of rules, they can be analyzed by game theoretic models more accurately and completely than can most other types of market transactions. This book offers a guide for modeling, analyzing, and predicting the outcomes of auctions, focusing on the application of game theory and auction theory to real-world auction design and decision making. After a brief introduction to fundamental concepts from game theory, the book explains some of the more significant results from the auction theory literature, including the revenue (or payoff) equivalence theorem, the winner's curse, and optimal auction design. Chapters on auction practice follow, addressing collusion, competition, information disclosure, and other basic principles of auction management, with some discussion of auction experiments and simulations. Finally, the book covers auction experience, with most of the discussion centered on energy and telecommunications auctions, which have become the proving ground for many new auction designs. A clear and concise introduction to auctions, auction design, and auction strategy, this Primer will be an essential resource for students, researchers, and practitioners.--
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Salant, David J
Dewey number
381.17
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Auctions
  • Game theory
Label
A primer on auction design, management, and strategy, David J. Salant
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 173-177) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17609847
Dimensions
24 cm.
Extent
xiv, 184 pages
Isbn
9780262028264
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
(OCoLC)878501844
Label
A primer on auction design, management, and strategy, David J. Salant
Publication
Bibliography note
Includes bibliographical references (pages 173-177) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17609847
Dimensions
24 cm.
Extent
xiv, 184 pages
Isbn
9780262028264
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
(OCoLC)878501844

Library Locations

    • Badia FiesolanaBorrow it
      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055
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