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Understanding Auctions (Hardcover, 2015 ed.)
Loot Price: R1,634
Discovery Miles 16 340
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Understanding Auctions (Hardcover, 2015 ed.)
Series: Springer Texts in Business and Economics
Expected to ship within 12 - 17 working days
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Total price: R1,654
Discovery Miles: 16 540
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In recent years, auctions have become an important field and many
markets have designed new and sophisticated auction models to
assign different types of items. The prime goal of this book is to
set an organized classification of the main auction mechanisms in a
way that readers can understand the importance of auction design
and the advantages and drawbacks of each model. Given the relevance
of the subject, there is a great volume of research about this
topic. Nevertheless, most of these contributions use complex
mathematical language difficult to understand for the average
reader. In this book, the authors summarize the main ideas of the
auction theory and explain them with simple language and plenty of
examples. This book is a good starting point for any researcher
interested in embracing the auction design as it also includes
numerous real-world examples to engage the reader in the topic.
"This book fills an important gap by making the main ideas and
findings of auction research accessible." Professor Paul Milgrom,
Department of Economics, Stanford University.
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