An Introduction to Auction Theory
Menezes, Flavio M.,Monteiro, Paulo K.
Language: English
Published by Oxford University Press, 2008
- Softcover
- Used
Seller: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.Midtown Scholar Bookstore
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Good paperback, bumped/creased with shelfwear; may have previous owner's name inside. Standard-sized.
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- Title
- An Introduction to Auction Theory
- Author
- Menezes, Flavio M.,Monteiro, Paulo K.
- Publisher
- Oxford University Press
- Publication year
- 2008
- Condition
- Good
- Binding
- paperback
- Language
- English
- ISBN 10
- 0199275998
- ISBN 13
- 9780199275991
Moreover, auction theory is now seen as an important component of an economist's training. For example, some of the more celebrated results from the single-object auction theory are now usually taught in advanced undergraduate and first-year graduate courses on the economics of information. 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. The aim is to provide an introductory textbook that will allow students and readers with a calculus background to work through all the basic results. Coverage includes: 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. The paperback edition of the text includes a new chapter which acts as a guide to current developments in auction theory.
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