Auction Theory

Viac o knihe

This second edition delves into the principles and strategies of auction theory, exploring various auction formats and their implications for economic behavior. It covers key concepts such as bidding strategies, revenue equivalence, and the impact of information asymmetry. With updated examples and applications, the book provides a comprehensive analysis of how auctions function in practice, making it a valuable resource for economists, researchers, and students interested in market mechanisms and decision-making processes.