Paul Milgrom is the Shirley and Leonard Ely professor of Humanities and Sciences in the Department of Economics at Stanford University and professor, by courtesy, at the Stanford Graduate School of Business. He is a member of both the National Academy of Sciences and the American Academy of Arts and Sciences and a winner of the Nemmers Prize in Economics.Milgrom is best known for his contributions to the theory of auctions, for pioneering contributions to the practical design of multi-item auctions, and for his success as a bidding advisor
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
發表於2024-11-07
Putting Auction Theory to Work 2024 pdf epub mobi 電子書 下載
圖書標籤: Auction 經濟學 GameTheory 博弈論 economic Putting.Theory.into.Practice 諾經課 英文原版
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評分good synthesis of auction theory
評分看似沒有Krishna那本書係統,但其實有內在條理。理論部分以envelope theorem和super-modularity theory為主綫,應用部分強調現實背景,對多物品拍賣各部分介紹詳盡
Putting Auction Theory to Work 2024 pdf epub mobi 電子書 下載