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Cover: 9780231175999 | Discovering Prices | Paul Milgrom | Taschenbuch | Englisch | 2021
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Discovering Prices
Auction Design in Markets with Complex Constraints
Taschenbuch von Paul Milgrom
Sprache: Englisch

23,45 €*

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Lieferzeit 1-2 Wochen

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Beschreibung
In Discovering Prices, Paul Milgrom?the world's most frequently cited academic expert on auction design?describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world's growing complex resource-allocation problems.
In Discovering Prices, Paul Milgrom?the world's most frequently cited academic expert on auction design?describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world's growing complex resource-allocation problems.
Über den Autor
Paul Milgrom is the Shirley R. and Leonard W. Ely, Jr. Professor of Humanities and Sciences in the Department of Economics at Stanford University. He was awarded the 2020 Nobel Memorial Prize in Economic Sciences. His books include Putting Auction Theory to Work (2004) and Economics, Organization, and Management (1992). He has also written dozens of articles on auction design, game theory, and macro- and microeconomics.
Inhaltsverzeichnis
Preface
1. Introduction
2. (Near-)Substitutes, Prices, and Stability
3. Vickrey Auctions and Substitution
4. Deferred-Acceptance Auctions and Near-Substitutes
5. Conclusion
Notes
References
Index
Details
Erscheinungsjahr: 2021
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 248
Inhalt: Kartoniert / Broschiert
ISBN-13: 9780231175999
ISBN-10: 023117599X
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Milgrom, Paul
Hersteller: Columbia University Press
Maße: 214 x 138 x 16 mm
Von/Mit: Paul Milgrom
Erscheinungsdatum: 06.04.2021
Gewicht: 0,306 kg
preigu-id: 119373390
Über den Autor
Paul Milgrom is the Shirley R. and Leonard W. Ely, Jr. Professor of Humanities and Sciences in the Department of Economics at Stanford University. He was awarded the 2020 Nobel Memorial Prize in Economic Sciences. His books include Putting Auction Theory to Work (2004) and Economics, Organization, and Management (1992). He has also written dozens of articles on auction design, game theory, and macro- and microeconomics.
Inhaltsverzeichnis
Preface
1. Introduction
2. (Near-)Substitutes, Prices, and Stability
3. Vickrey Auctions and Substitution
4. Deferred-Acceptance Auctions and Near-Substitutes
5. Conclusion
Notes
References
Index
Details
Erscheinungsjahr: 2021
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 248
Inhalt: Kartoniert / Broschiert
ISBN-13: 9780231175999
ISBN-10: 023117599X
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Milgrom, Paul
Hersteller: Columbia University Press
Maße: 214 x 138 x 16 mm
Von/Mit: Paul Milgrom
Erscheinungsdatum: 06.04.2021
Gewicht: 0,306 kg
preigu-id: 119373390
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