Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet...
Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levi...
Samuel Osipow was born in 1883 in the Russian shtetl (Yiddish for town) of Liadi, lost to World War II. In his colorful and lyrical autobiography, "My Life: From a Russian Shtetl to the Golden Land," Liadi lives again. Its Jewish holy days; Osipow's loving mother Rishe Ranyeh; his pious, Hebrew teacher father Nachum; cousins Izzy the Tiny One and Chonale the Monster; dreaded teacher Kulye the Ox; nemesis Itse the One-Eyed; and local legend Avreml the Yeast Maker all come back to life.
Osipow's father forces him to study scripture day and night to become a rabbi, but at 16, he rebels and...
Samuel Osipow was born in 1883 in the Russian shtetl (Yiddish for town) of Liadi, lost to World War II. In his colorful and lyrical autobiography, ...
