Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result.

The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.

Bryan Cranston and James Franco star in this comedy directed and co-written by John Hamburg. Overprotective father Ned (Cranston) has always had a special relationship with his daughter Stephanie (Zoey Deutch) so when she invites him, along with her mother Barb (Megan Mullally) and brother Scotty (Griffin Gluck), to spend Christmas with her and her millionaire boyfriend Laird (Franco), he reluctantly agrees, for the sake of his daughter's happiness. However, when Laird reveals his plan to propose to Stephanie and asks for Ned's blessing, the caring father vows to do everything in his power to prevent his little girl from agreeing to spend her life with the moronic mogul. With Laird determined to convince his future father-in-law to accept him however, he devises a plan to get Barb and Scotty on his side.

A book of expressive poems written by Dan Levine. If you enjoy poetry chances are you will like at least one of these poems. Dan's writing, sometimes light and sometimes dark, can leave you thinking, I don't know what I just read, but I like it. Take a look.

Sketching For Poetry is Dan Levine's second full book of poetry. The title directly describes what is inside. There is a poem on every other page with a sketch for each one. This book holds some interesting thoughts about every day life and working and has an odd humorous tone throughout. It's a very fun read. It would be a great addition to your library if you like poetry or drawing.