| Description |
pages cm |
| Series |
Toulouse lectures in economics ; v. 1 |
|
Toulouse lectures in economics.
|
| Contents |
Pt. A. Introduction to the theory -- Ch. 1. A survey of auction theory -- Pt. B. Applications to other areas of economics -- Ch. 2. Why every economist should learn some auction theory -- Pt. C. Practical auction design -- Ch. 3. What really matters in auction design -- Ch. 4. Using and abusing auction theory -- Pt. D. Case study : the "3G" mobile-phone auctions -- Ch. 5. Overview of the European auctions -- Ch. 6. Designing the UK auction -- Ch. 7. Bidder strategies -- Ch. 8. Were auctions a good idea? |
| Summary |
"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 emphasizes its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions - he, jointly with Ken Binmore, designed the first of these."--BOOK JACKET |
| Notes |
This paper was originally prepared for the companion book: The economic theory of auctions. 2000 |
|
"Inaugural (2003) Toulouse lectures"--Table of contents |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Auctions -- Mathematical models.
|
|
Auctions -- European Union countries.
|
|
Auctions.
|
|
Auctions -- European Union countries -- Case studies.
|
| Genre/Form |
Case studies.
|
| LC no. |
2003061019 |
| ISBN |
0691114269 alkaline paper |
|
0691119252 paperback alkaline paper |
|
