Coverart for item
The Resource Auctions, Timothy P. Hubbard and Harry J. Paarsch

Auctions, Timothy P. Hubbard and Harry J. Paarsch

Label
Auctions
Title
Auctions
Statement of responsibility
Timothy P. Hubbard and Harry J. Paarsch
Creator
Contributor
Author
Subject
Language
eng
Summary
Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples. The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information -- that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient
Member of
Cataloging source
DLC
http://library.link/vocab/creatorName
Hubbard, Timothy P
Dewey number
381/.17
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Paarsch, Harry J.
Series statement
The MIT Press essential knowledge series
http://library.link/vocab/subjectName
  • Auctions
  • Auctions
Label
Auctions, Timothy P. Hubbard and Harry J. Paarsch
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Auction formats and pricing rules -- Modeling auctions -- Bidder behavior -- Other assumptions and rules -- Procurement -- Internet auctions -- Multi-unit and multi-object auctions -- Online ad auctions -- Reflections
Control code
1498367
Extent
1 volume.
Isbn
9780262528535
Isbn Type
(paperback)
Lccn
2015030655
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (Sirsi) i9780262528535
  • (OCoLC)919041847
Label
Auctions, Timothy P. Hubbard and Harry J. Paarsch
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Auction formats and pricing rules -- Modeling auctions -- Bidder behavior -- Other assumptions and rules -- Procurement -- Internet auctions -- Multi-unit and multi-object auctions -- Online ad auctions -- Reflections
Control code
1498367
Extent
1 volume.
Isbn
9780262528535
Isbn Type
(paperback)
Lccn
2015030655
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (Sirsi) i9780262528535
  • (OCoLC)919041847

Library Locations

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