This major two volume collection presents some of the most influential theoretical and empirical papers on the economic theory of auctions.
Auction theory has been the basis of fundamental theoretical work in industrial economics, public economics, labour economics and finance, and has helped the understanding of price formation in markets. There has recently been an explosion of interest in its practical applications, especially in organising the sale of government assets (for example, treasury bonds, radio spectrum licenses, and firms to be privatised) and in developing new markets for electricity and transport. Because auctions are such simple and well defined environments, they provide a valuable testing ground for economic theory that has been increasingly exploited in empirical work.
The book will also include important previously unpublished papers by P.R. Milgrom, R. Weber and A. Ortega-Reichert, and other hard-to-find papers by W. Vickery and others.
| ISBN: | 9781858988702 |
| Publication date: | 26th January 2000 |
| Author: | Paul Klemperer |
| Publisher: | Edward Elgar Publishing |
| Format: | Hardback |
| Pagination: | 1440 pages |
| Series: | The International Library of Critical Writings in Economics |
| Genres: |
Economic theory and philosophy Retail and wholesale industries |
This major two volume collection presents some of the most influential theoretical and empirical papers on the economic theory of auctions.
Auction theory has been the basis of fundamental theoretical work in industrial economics, public economics, labour economics and finance, and has helped the understanding of price formation in markets. There has recently been an explosion of interest in its practical applications, especially in organising the sale of government assets (for example, treasury bonds, radio spectrum licenses, and firms to be privatised) and in developing new markets for electricity and transport. Because auctions are such simple and well defined environments, they provide a valuable testing ground for economic theory that has been increasingly exploited in empirical work.
The book will also include important previously unpublished papers by P.R. Milgrom, R. Weber and A. Ortega-Reichert, and other hard-to-find papers by W. Vickery and others.
The Economic Theory of Auctions features in the following genres: Economic theory and philosophy, Retail and wholesale industries, Game theory
The Economic Theory of Auctions is available in Hardback
The Economic Theory of Auctions was written by Paul Klemperer and published by Edward Elgar Publishing
The Economic Theory of Auctions has 1440 pages
Yes it is part of The International Library of Critical Writings in Economics series