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Author: Kristijan Poljanec
Publisher: Taylor & Francis
ISBN: 1000647153
Category : Law
Languages : en
Pages : 245
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Book Description
The widespread understanding of auction structure considers auction as consisting of three contracts: contract between the seller and the auctioneer, contract between the auctioneer and the buyer and the sale contract between the seller and the buyer. The book challenges this concept, arguing that the traditional tripartite concept of auction is too narrow and does not correspond to the actual structure of auction relations. Demonstrating that an auction structure consists of a plethora of legal relationships, including noncontractual relations, this book explores the legal concept of auction sale and the structure of accompanying relations. The book provides a historical overview of auctions and different auction models. Following a brief introduction to the economic theory, auction models are examined against the following legal criteria: price formation, publicity, parties’ autonomy, legal form and applied technology to find a legal concept and nature of auction. The book explores the legal position of key auction figures and auction objects to identify the categories of legal relations that appear at auction. It explores the legal nature of the main contract, as well as the relations between the consignor and the auctioneer, the auctioneer and the bidders, the bidders themselves, the consignor and the bidders. The book covers relations arising from droit de suite, financial and bidding agreements to provide a comprehensive overview of lesserknown legal relations that commonly arise in auction practice.
Author: Kristijan Poljanec
Publisher: Taylor & Francis
ISBN: 1000647153
Category : Law
Languages : en
Pages : 245
Get Book
Book Description
The widespread understanding of auction structure considers auction as consisting of three contracts: contract between the seller and the auctioneer, contract between the auctioneer and the buyer and the sale contract between the seller and the buyer. The book challenges this concept, arguing that the traditional tripartite concept of auction is too narrow and does not correspond to the actual structure of auction relations. Demonstrating that an auction structure consists of a plethora of legal relationships, including noncontractual relations, this book explores the legal concept of auction sale and the structure of accompanying relations. The book provides a historical overview of auctions and different auction models. Following a brief introduction to the economic theory, auction models are examined against the following legal criteria: price formation, publicity, parties’ autonomy, legal form and applied technology to find a legal concept and nature of auction. The book explores the legal position of key auction figures and auction objects to identify the categories of legal relations that appear at auction. It explores the legal nature of the main contract, as well as the relations between the consignor and the auctioneer, the auctioneer and the bidders, the bidders themselves, the consignor and the bidders. The book covers relations arising from droit de suite, financial and bidding agreements to provide a comprehensive overview of lesserknown legal relations that commonly arise in auction practice.
Author: Flavio M. Menezes
Publisher: Oxford University Press, USA
ISBN: 0199275998
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
This book provides a step-by-step, self-contained treatment of auction theory and aims to provide an introductory treatment to allow students to work through all the basic results. The techniques and insights gained provide a useful starting point for those wanting to venture into information economics, mechanism design and regulatory economics.
Author: Zhen Zheng
Publisher:
ISBN: 9789811901294
Category :
Languages : en
Pages : 0
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Book Description
This book is the first book to comprehensively and deeply explain and construct the legal system of Chinese art auctions. Based on agency theory in traditional contract law, this book combs the legal relationship between client, auctioneer, and buyer. Aiming at the most difficult problem of art identification, this book shows the obligations that auctioneers must perform and the common methods for auctioneers to avoid these obligations. The purpose of this book is to ease the current situation in which the interests of buyers and auctioneers are too opposed and speed up the legalization process of art auctions through the construction of the legal system of art auctions in China. Additionally, using the method of policy demonstration, this book discusses how public power should intervene in the process of art auctions.
Author: Christina Hultmark
Publisher: Oxford University Press, USA
ISBN: 9780199254293
Category : Business & Economics
Languages : en
Pages : 234
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Book Description
This title provides an analysis of the business models that are being employed because of the increased use of online auctions and exchnages for business transactions, their legal structures, and the extent to which further work is still required to fill in the legal infrastructure.
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.
Author: Joseph BATEMAN
Publisher:
ISBN:
Category :
Languages : en
Pages : 530
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Book Description
Author: Samuel Livermore
Publisher:
ISBN:
Category : Agency (Law)
Languages : en
Pages : 438
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Book Description
Author: Joseph BATEMAN
Publisher:
ISBN:
Category :
Languages : en
Pages : 400
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Book Description
Author: Brian W. Harvey
Publisher: Oxford University Press, USA
ISBN: 9780198259084
Category : Law
Languages : en
Pages : 401
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Book Description
This extensively revised edition of Harvey and Meisel's valuable specialized work describes and analyses the law as it applies to auctions and sales. As such it will appeal to anyone connected with the auctioneering world, including agricultural auctioneers, car auctioneers, property auctioneers, and fine art auctioneers. This edition includes analysis of new English cases and the growing body of European and international law affecting auctions and sales. It is both a practical book of reference and a serious academic study of a neglected yet fascinating subject.
Author: Daniel Friedman
Publisher: Routledge
ISBN: 0429972164
Category : Social Science
Languages : en
Pages : 447
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Book Description
This book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations.
