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Auctions (The MIT Press Essential Knowledge series)
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Located in: Burlington, New Jersey, United States
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eBay item number:335323073629
Item specifics
- Condition
- Release Year
- 2016
- ISBN
- 9780262528535
- Book Title
- Auctions
- Book Series
- The MIT Press Essential Knowledge Ser.
- Item Length
- 7 in
- Publisher
- MIT Press
- Publication Year
- 2016
- Format
- Trade Paperback
- Language
- English
- Illustrator
- Yes
- Item Height
- 0.6 in
- Genre
- Business & Economics
- Topic
- Economic History, Commerce, Sales & Selling / General
- Item Width
- 5.1 in
- Item Weight
- 8.5 Oz
- Number of Pages
- 264 Pages
About this product
Product Information
How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. 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 of asymmetric information-that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.
Product Identifiers
Publisher
MIT Press
ISBN-10
0262528533
ISBN-13
9780262528535
eBay Product ID (ePID)
219186754
Product Key Features
Book Title
Auctions
Format
Trade Paperback
Language
English
Topic
Economic History, Commerce, Sales & Selling / General
Publication Year
2016
Book Series
The MIT Press Essential Knowledge Ser.
Illustrator
Yes
Genre
Business & Economics
Number of Pages
264 Pages
Dimensions
Item Length
7 in
Item Height
0.6 in
Item Width
5.1 in
Item Weight
8.5 Oz
Additional Product Features
Intended Audience
Trade
Lc Classification Number
Hf5476.H83 2015
Grade from
College Graduate Student
Copyright Date
2015
Lccn
2015-030655
Dewey Decimal
381/.17
Dewey Edition
23
Item description from the seller
Seller assumes all responsibility for this listing.
eBay item number:335323073629
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