Common Value Auctions and the Winner s Curse

Common Value Auctions and the Winner s Curse


  • Author : John H. Kagel
  • Publisher : Princeton University Press
  • Release Date : 2009-04-11
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 1400830133


Common Value Auctions and the Winner s Curse Book Description :

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 companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money...

Dealmaking  The New Strategy of Negotiauctions

Dealmaking The New Strategy of Negotiauctions


  • Author : Guhan Subramanian
  • Publisher : W. W. Norton & Company
  • Release Date : 2010-02-01
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 9780393077179


Dealmaking The New Strategy of Negotiauctions Book Description :

“Packed with transformative insights, Dealmaking will help a new generation of business leaders get to yes.”—William Ury, coauthor of Getting to Yes Informed by meticulous research, field experience, and classroom-tested strategies, Dealmaking offers essential insights for anyone involved in buying or selling everything from cars to corporations. Leading business scholar Guhan Subramanian provides a lively tour of both negotiation and auction theory, then takes an in-depth look at his own hybrid theory, outlining three specific strategies readers can use in complex dealmaking situations. Along the way, he examines case studies as diverse as buying a house, haggling over the rights to a TV show, and participating in the auction of a multimillion...

Topics in Microeconomics

Topics in Microeconomics


  • Author : Elmar Wolfstetter
  • Publisher : Cambridge University Press
  • Release Date : 1999-10-28
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 0521645344


Topics in Microeconomics Book Description :

This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics....

Auctions

Auctions


  • Author : Paul Klemperer
  • Publisher : Princeton University Press
  • Release Date : 2018-06-05
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 9780691186290


Auctions Book Description :

Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generat...

Internet Pricing

Internet Pricing


  • Author : Andrea Graber
  • Publisher : Peter Lang
  • Release Date : 2005
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 3039106708


Internet Pricing Book Description :

With the development of the Internet from a research network to a commercial and integrated network which must satisfy heterogeneous user demand, prices for Internet usage play an important role. This study analyzes the pricing of Internet transport services and interconnection. It explains why appropriate pricing requires popular flat rates to be abandoned. They should be replaced by usage-based prices which are load-sensitive and take different service qualities into consideration. The aim of this work is to give an overview of Internet pricing proposals, to classify, investigate, and evaluate these pricing schemes as well as to elaborate on relations between them. Evaluations are based on normative criteria for Internet pricing from the point of v...

Putting Auction Theory to Work

Putting Auction Theory to Work


  • Author : Paul Milgrom
  • Publisher : Cambridge University Press
  • Release Date : 2004-01-12
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 9781139449168


Putting Auction Theory to Work Book Description :

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in ...

Sponsored Search Auctions

Sponsored Search Auctions


  • Author : Song Yao
  • Publisher : Now Publishers Inc
  • Release Date : 2009-04
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 9781601982285


Sponsored Search Auctions Book Description :

Sponsored Search Auctions reviews current academic research on this nascent topic with a focus on future practical and research opportunities...

FCC Record

FCC Record


  • Author : United States. Federal Communications Commission
  • Publisher :
  • Release Date : 1994
  • Genre: Telecommunication
  • Pages :
  • ISBN 10 : UVA:X004848232


FCC Record Book Description :

...

Feeling Smart

Feeling Smart


  • Author : Eyal Winter
  • Publisher : PublicAffairs
  • Release Date : 2014-12-30
  • Genre: Business & Economics
  • Pages :
  • ISBN 10 : 9781610394918


Feeling Smart Book Description :

Distinguished authors like Daniel Kahneman, Dan Ariely, and Nassim Nicholas Taleb have written much about the flaws in the human brain when it comes time to make a decision. Our intuitions and passions frequently fail us, leading to outcomes we don't want. In this book, Eyal Winter, Professor of Economics and Director of the Center for the Study of Rationality at the Hebrew University of Jerusalem, wonders: why? If our emotions are so destructive and unreliable, why has evolution left us with them? The answer is that, even though they may not behave in a purely logical manner, our emotions frequently lead us to better, safer, more optimal outcomes. In fact, as Winter discovers, there is often logic in emotion, and emotion in logic. For instance, many...