Understanding Auctions

The book elaborates the basic principles of Auction Theory. Auctions have gained popularity over other allocation mechanisms since the rules of auctions are precise, involve less subjective judgments and lead to a more efficient process of discovering the true willingness to pay of the buyers.

List of contents

1. What are uctions and what is Auction Theory? 2. Why study Auction Theory? 3. The economics behind auctions 4. Some standard results in Auction Theory 5. Auctions: some real-life experiences 6. Auctions in India 7. Other applications of Auction Theory

About the author

Srobonti Chattopadhyay is Assistant Professor in the Department of Economics at Vidyasagar College for Women, Kolkata, India.
Rittwik Chatterjee is Assistant Professor in the Department of Economics at the Centre for Studies in Social Sciences Calcutta, Kolkata, India.

Summary

The book elaborates the basic principles of Auction Theory. Auctions have gained popularity over other allocation mechanisms since the rules of auctions are precise, involve less subjective judgments and lead to a more efficient process of discovering the true willingness to pay of the buyers.

Product details

• Authors: Rittwik Chatterjee, Srobonti Chattopadhyay
• Publisher: Taylor and Francis
• Languages: English
• Product format: Paperback / Softback
• Released: 14.10.2024
• EAN: 9781032931197
• ISBN: 978-1-032-93119-7
• No. of pages: 108
• Weight: 200 g
• Series: Routledge Focus on Management and Society
• Subjects: Non-fiction book > Politics, society, business > Politics; Social sciences, law, business > Business; SOCIAL SCIENCE / Sociology / General, Sociology: work & labour, Sociology: work and labour, BUSINESS & ECONOMICS / Labor / General