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ISBN-10: 0262528533

ISBN-13: 9780262528535

Edition: 2015

Authors: Timothy P. Hubbard, Harry J. Paarsch

List price: $15.95
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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…    
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Book details

List price: $15.95
Copyright year: 2015
Publisher: MIT Press
Publication date: 1/6/2016
Binding: Paperback
Pages: 264
Size: 5.08" wide x 6.97" long x 0.59" tall
Weight: 0.528

Harry J. Paarsch is Professor of Economics and Robert Jensen Research Fellow at the Henry B. Tippie College of Business, University of Iowa.