Putting Auction Theory to Work
(Part of the Churchill Lectures in Economics Series and Churchill Lectures in Economics Series)
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Book Overview
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. Visit the author's website for instructor resources.
Format:Paperback
Language:English
ISBN:0521536723
ISBN13:9780521536721
Release Date:January 2004
Publisher:Cambridge University Press
Length:368 Pages
Weight:1.35 lbs.
Dimensions:0.8" x 6.0" x 8.9"
Customer Reviews
2 ratings
Two sides in the book
Published by Thriftbooks.com User , 15 years ago
I have read a few parts of the book however I see a pattern. Several chapters are descriptive and narrative with useful thoughts and idea. Simple and easy to read and follow. The majority of the chapters heavy dense math material. To benefit from it you need a solid math background and have had exposure to auctions. At least a good understanding of the basics auctions as those found in chapters of Game Theory textbooks. If this is your first book in Auction, it is not definetely a great option. Otherwise a great resource.
Great book! Must Read if you are in the auction space.
Published by Thriftbooks.com User , 16 years ago
This is a great book about auction theory. I read it among many others as I was doing researches for our upcoming online auction site. It is clearly a bible for the auction professional as well as a very practical tool to understand existing and diverse mechanisms.
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