ENGLISH

Putting auction theory to work

By Paul Milgrom

Book information

Publisher
Cambridge University Press
Year
2004
ISBN
0521536723, 9780521536721
Open Library ID
OL22582427M
Language
english
Format
PDF
Filesize
2 MB (1649395 bytes)
Series
Churchill Lectures in Economics
Edition
1
Pages
393\393
Library
Kolxo3
Scanned
yes
Time added
2010-07-29 05:14:56

Description

Providing a comprehensive introduction to modern auction theory and its important new applications, this book 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 volume provides the most up-to-date analysis of traditional theories of "optimal auctions" as well as newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. It explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. Paul Milgrom is the Leonard and Shirley Ely Professor of Humanities and Sciences and Professor of Economics, Stanford University. He is the author of more than sixty articles and co-author of the influential textbook, Economics, Organization and Management (Prentice Hall, 1992). Professor Milgrom is a pioneer in the economic theory of auctions and co-designer of the simultaneous, multiple round auction that the FCC adopted for selling radio spectrum licenses.

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