Discovering Prices - Auction Design in Markets With Complex Constraints

Informationen zum Autor Paul Milgrom Klappentext Paul Milgrom describes how auctions can be used to discover prices and guide efficient resource allocations. Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for solving complex resource allocation problems. Zusammenfassung Paul Milgrom describes how auctions can be used to discover prices and guide efficient resource allocations. Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies! whose design he led) and provides economists with crucial new tools for solving complex resource allocation problems. Inhaltsverzeichnis Preface 1. Introduction 2. (Near-)Substitutes, Prices, and Stability 3. Vickrey Auctions and Substitution 4. Deferred-Acceptance Auctions and Near-Substitutes 5. Conclusion Notes References Index

Product details

• Authors: Paul Milgrom, Paul (Stanford University) Milgrom, Paul R. Milgrom
• Publisher: Columbia University Press
• Languages: English
• Product format: Hardback
• Released: 20.06.2017
• EAN: 9780231175982
• ISBN: 978-0-231-17598-2
• No. of pages: 248
• Dimensions: 150 mm x 230 mm x 25 mm
• Series: Kenneth J. Arrow Lecture; Kenneth J. Arrow Lecture Series; Kenneth J. Arrow Lecture Series; INSTRUMENTATION IN THE CRYOGENIC INDUSTRY COMP 2V
• Subjects: Social sciences, law, business > Business > Miscellaneous; BUSINESS & ECONOMICS / Accounting / General, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Business Mathematics, Finance & accounting, Business mathematics & systems, Finance and accounting, Business mathematics and systems