The Economic Theory of Auctions

The Economic Theory of Auctions PDF Author: Paul Klemperer
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 720

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Book Description

The Economic Theory of Auctions

The Economic Theory of Auctions PDF Author: Paul Klemperer
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 720

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Book Description


The Handbook of Experimental Economics

The Handbook of Experimental Economics PDF Author: John H. Kagel
Publisher: Princeton University Press
ISBN: 0691058970
Category : Business & Economics
Languages : en
Pages : 739

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Book Description
This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

Putting Auction Theory to Work

Putting Auction Theory to Work PDF Author: Paul Milgrom
Publisher: Cambridge University Press
ISBN: 1139449168
Category : Business & Economics
Languages : en
Pages : 378

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Book Description
This book provides a comprehensive introduction to modern auction theory and its important new applications. It 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 book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

SSRI Workshop Series

SSRI Workshop Series PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 628

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Book Description


Auctions

Auctions PDF Author: Paul Klemperer
Publisher: Princeton University Press
ISBN: 0691119252
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
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 emphasises 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. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes. Engagingly written, the book makes the subject exciting not only to economics students but to anyone interested in auctions and their role in economics.

Advances in Artificial Intelligence: Theories, Models, and Applications

Advances in Artificial Intelligence: Theories, Models, and Applications PDF Author: Stasinos Konstantopoulos
Publisher: Springer
ISBN: 3642128424
Category : Computers
Languages : en
Pages : 433

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Book Description
This volume constitutes the refereed proceedings of the 6th Hellenic Conference on Artificial Intelligence, SETN 2010, held in Athens, Greece, in May 2010. The 28 revised full papers and 22 revised short papers presented were carefully reviewed and selected from 83 submissions. The topics include but are not restricted to adaptive systems; AI and creativity; AI architectures; artificial life; autonomous systems; data mining and knowledge discovery; hybrid intelligent systems & methods; intelligent agents, multi-agent systems; intelligent distributed systems; intelligent information retrieval; intelligent/natural interactivity, intelligent virtual environments; knowledge representation and reasoning, logic programming; knowledge-based systems; machine learning, neural nets, genetic algorithms; natural language processing; planning and scheduling; problem solving, constraint satisfaction; robotics, machine vision, machine sensing.

The Economics of Search

The Economics of Search PDF Author: Brian McCall
Publisher: Routledge
ISBN: 1134422342
Category : Business & Economics
Languages : en
Pages : 674

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Book Description
The economics of search is a prominent component of economic theory, and it has a richness and elegance that underpins a host of practical applications. In this book Brian and John McCall present a comprehensive overview of the economic theory of search, from the classical model of job search formulated 40 years ago to the recent developments in eq

SSRI.

SSRI. PDF Author:
Publisher:
ISBN:
Category : Social sciences
Languages : en
Pages : 716

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Book Description


Handbook of the Economics of Risk and Uncertainty

Handbook of the Economics of Risk and Uncertainty PDF Author: Mark Machina
Publisher: Newnes
ISBN: 0444536868
Category : Business & Economics
Languages : en
Pages : 897

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Book Description
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics

Art Auctions and Dealers

Art Auctions and Dealers PDF Author: Dries Lyna
Publisher: Brepols Publishers
ISBN:
Category : Antiques & Collectibles
Languages : en
Pages : 196

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Book Description
This collection of essays presents a status quaestionis concerning the dissemination of Flemish and Dutch art during the period 1400-1800, and highlights the role art auctions and dealers have played in this process. Auctions emerged as the primary channel for art sales at the end of the seventeenth century in the Low Countries and during the eighteenth century, countless local art collections were broken up and put up for auction. Especially (old master) paintings exchanged hands in great numbers at these public sales, and the finest pieces frequently ended up in foreign holdings. The activities of the professional art dealer form the focus of several essays. These intermediaries played an instrumental role in the commercialization and expansion of the art trade in early modern Europe. They had a profound impact on the history of collecting as they mediated and even influenced taste. Naturally, the role of art dealers changed over time. Therefore, the historians, art historians and economists who contributed to this volume have approached this phenomenon in an interdisciplinary fashion in order to properly understand how art markets functioned. In doing so, these essays explore the various ways in which art dealers helped shape markets for art, and how they facilitated the increasing volume of exports of Netherlandish art from the sixteenth century onwards. Hans Vlieghe is professor emeritus at the University of Leuven. He has published extensively on Flemish art of the 17th century, especially on Rubens and his circle. Filip Vermeylen is assistant professor of Cultural Economics at the Erasmus University in Rotterdam. His current research focuses on the history of art markets. Dries Lyna works at the Center for Urban History (University of Antwerp), where he is currently preparing a Ph.D. thesis on art auctions in eighteenth-century Antwerp and Brussels.