Discovering Prices - Auction Design in Markets with Complex Constraints
(Sprache: Englisch)
In Discovering Prices, Paul Milgrom?the world's most frequently cited academic expert on auction design?describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are...
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In Discovering Prices, Paul Milgrom?the world's most frequently cited academic expert on auction design?describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world's growing complex resource-allocation problems.
Autoren-Porträt von Paul Milgrom
Paul Milgrom is the Shirley and Leonard Ely Professor of Humanities and Sciences in the Department of Economics at Stanford University. He was awarded the 2020 Nobel Memorial Prize in Economic Sciences. His books include Putting Auction Theory to Work (2004) and Economics, Organization, and Management (1992). He has also written dozens of articles on auction design, game theory, and macro- and microeconomics.
Bibliographische Angaben
- Autor: Paul Milgrom
- 2021, 248 Seiten, Maße: 13,8 x 21,4 cm, Kartoniert (TB), Englisch
- Verlag: Columbia University Press
- ISBN-10: 023117599X
- ISBN-13: 9780231175999
- Erscheinungsdatum: 26.05.2021
Sprache:
Englisch
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