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Book Understanding Auctions (Springer Texts in Business and Economics)

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Understanding Auctions (Springer Texts in Business and Economics)

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    Available in PDF - DJVU Format | Understanding Auctions (Springer Texts in Business and Economics).pdf | Language: ENGLISH
    Asunción Mochón (Author), Yago Sáez (Contributor)

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In recent years, auctions have become an important field and many markets have designed new and sophisticated auction models to assign different types of items. The prime goal of this book :is :to set an organized classification of the main auction mechanisms in a way that readers can understand the importance of auction design and the advantages and drawbacks of each model. Given the relevance of the subject, there is a great volume of research about this topic.

Nevertheless, most of these contributions use complex mathematical language difficult to understand for the average reader. In this book, :the authors :summarize the main ideas of the auction theory and explain them with simple language and plenty of examples. This book is a good starting point for any researcher interested in embracing the auction design as it also includes numerous real-world examples to engage the reader in the topic.

“:This book fills an important gap by making the main ideas and findings of auction research accessible.”:
Professor Paul Milgrom, Department of Economics, Stanford University.

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