000			02090cam a2200241 i 4500
001			137437
003			ISI Library, Kolkata
005			20170228151940.0
008			140411s2014 mau b 001 0 eng
020			_a9780262028264
040			_aISI Library
082	0	4	_a658.877 _223 _bSa161
100	1		_aSalant, David J., _eauthor
245	1	0	_aPrimer on auction design, management, and strategy / _cDavid J. Salant.
260			_aCambridge : _bMIT Press, _c©2014.
300			_axiv, 184 pages ; _c24 cm.
504			_aIncludes bibliographical references and index.
505	0		_a1. Introduction -- 2. Game theory, auction design, and strategy -- 3. Revenue equivalence -- 4. Optimal and VCG auctions -- 5. Imperfect information and the winner's curse -- 6. Sequential auctions of substitutes -- 7. Sequential auctions of complements -- 8. Single-product auctions -- 9. Simultaneous auctions -- 10. Combinatorial auctions -- 11. Final remarks.
520			_aThis book offers a guide for modeling, analyzing, and predicting the outcomes of auctions, focusing on the application of game theory and auction theory to real-world auction design and decision making. After a brief introduction to fundamental concepts from game theory, the book explains some of the more significant results from the auction theory literature, including the revenue (or payoff) equivalence theorem, the winner's curse, and optimal auction design. Chapters on auction practice follow, addressing collusion, competition, information disclosure, and other basic principles of auction management, with some discussion of auction experiments and simulations. Finally, the book covers auction experience, with most of the discussion centered on energy and telecommunications auctions, which have become the proving ground for many new auction designs. A clear and concise introduction to auctions, auction design, and auction strategy, this Primer will be an essential resource for students, researchers, and practitioners.
650		0	_aAuctions.
650		0	_aGame theory.
942			_2ddc _cBK
999			_c421450 _d421450