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Informationen zum Autor Robert E. Hall received his B.A. from the University of California, Berkeley, and his Ph.D. from the Massachusetts Institute of Technology. He taught at Berkeley and at MIT before going to Stanford. Along with his research and teaching interests, Professor Hall is chairman of the Business Cycles Dating Committee of the National Bureau for Economic Research, which maintains the official chronology of the U.S. business cycle. Klappentext In Deal Engines, leading economist Robert E. Hall explains the underlying principles of auctions and provides sweeping insight for anyone curious to understand and exploit them. Drawing on decades of research that includes Nobel Prize-winning discoveries, Hall explains that how you set up a market has a lot to do with the deals that result. Moving from examples as straightforward as shopping for a car to others as complex as the mechanisms of stock exchanges, he describes the various types of deal engines that can be used to conduct transactions, including auctions, real-time exchanges, and posted-price sales engines. Hall analyzes the qualities of the markets these deal engines give rise to, with an eye to practical outcomes, and provides invaluable information and guidance to everyone from entrepreneurs working on a business plan to buyers on eBay. Originally published in hardcover under the title Digital Dealing. Zusammenfassung An explanation of the underlying principles of auctions, Hall describes the various types of deal engines that can be used to conduct transactions and analyzes the qualities of the markets these deal engines give rise to, with an eye to practical outcomes.
