Understanding Auctions

ISBN-13: 9781138575936 / Angielski / Twarda / 2019 / 94 str.

Srobonti Chattopadhyay; Rittwik Chatterjee

Opis

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. 

Spis treści

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