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Books > Business & Economics > Economics > Microeconomics
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An Introduction to Auction Theory (Hardcover)
Loot Price: R2,433
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An Introduction to Auction Theory (Hardcover)
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Auction theory is now an important component of an economist's
training. The techniques and insights gained from the study of
auction theory provide a useful starting point for those who want
to venture into the economics of information, mechanism design, and
regulatory economics. This book provides a step-by-step,
self-contained treatment of the theory of auctions. It allows
students and readers with a calculus background to work through all
the basic results, covering the basic independent-private-model;
the effects of introducing correlation in valuations on equilibrium
behaviour and the seller's expected revenue; mechanism design; and
the theory of multi-object auctions.
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