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A Primer on Auction Design, Management, and Strategy (MIT Press)

David J. Salant




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 | #343173 in Books |  2014-12-19 | Original language:English | PDF # 1 |  9.00 x.50 x6.00l,.0 | File type: PDF | 200 pages

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A guide to modeling and analyzing auctions, with the applications of game theory and auction theory to real-world auction decision making.

Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and comprehensive rules. Because auctions are e...

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