Auctions: Theory and practice

By:

Klemperer, Paul

Material type:

TextPublication details: Princeton Princeton University Press 2010Description: xiii, 246 p. : ill. Includes bibliographical references and indexISBN:

9788122431254

Subject(s):

Other classification:

X:(Z,318).5.P P4;Q0

Summary: 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.

Item type:

Textbook

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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.

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