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- catalog abstract ""Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes."--Pub. desc.".
- catalog contributor b13305811.
- catalog created "c2004.".
- catalog date "2004".
- catalog date "c2004.".
- catalog dateCopyrighted "c2004.".
- catalog description ""Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics.".
- catalog description "A survey of auction theory -- Why every economist should learn some auction theory -- What really matters in auction design -- Using and abusing auction theory -- Overview of the European auctions -- Designing the UK auction -- Bidder strategies -- Were auctions a good idea?".
- catalog description "Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these.".
- catalog description "Includes bibliographical references (p. [223]-239) and index.".
- catalog description "Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes."--Pub. desc.".
- catalog extent "xiii, 246 p. :".
- catalog identifier "0691114269 (alk. paper)".
- catalog identifier "0691119252 (pbk. : alk. paper)".
- catalog isPartOf "Toulouse lectures in economics".
- catalog issued "2004".
- catalog issued "c2004.".
- catalog language "eng".
- catalog publisher "Princeton : Princeton University Press,".
- catalog spatial "European Union countries".
- catalog subject "381/.17 22".
- catalog subject "Auctions European Union countries Case studies.".
- catalog subject "Auctions.".
- catalog subject "HF5476 .K54 2004".
- catalog tableOfContents "A survey of auction theory -- Why every economist should learn some auction theory -- What really matters in auction design -- Using and abusing auction theory -- Overview of the European auctions -- Designing the UK auction -- Bidder strategies -- Were auctions a good idea?".
- catalog title "Auctions : theory and practice / Paul Klemperer.".
- catalog type "Case studies. fast".
- catalog type "text".