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Putting auction theory to work
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ISBN: 0521551846 0521536723 0511165439 9786613329165 0511166125 0511555709 0511813821 1283329166 0511164173 0511164971 1107713234 9780511164170 9780521551847 9780521536721 9780511166129 051116257X 9780511162572 9780511164972 9780511813825 9781283329163 9781107713239 6613329169 9780511165436 9780511555701 Year: 2004 Publisher: Cambridge Cambridge University Press

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Abstract

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

The handbook of experimental economics
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ISBN: 0691058970 069104290X 0691213259 9780691042909 9780691058979 Year: 1995 Publisher: Princeton, N.J.: Princeton university press,

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Abstract

This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

Keywords

Microeconomics --- Methodology of economics --- Operational research. Game theory --- -economie --- 338.313 --- 330.52 --- economische leerstelsels --- 330.0724 --- Kapitalisme. --- Liberaal systeem. Neo-liberalisme. Theorie van de onderhandeling. --- -330.0724 --- Experimental economics --- economie --- theories economiques --- 305.6 --- 330.3 --- AA / International- internationaal --- NBB congres --- 330.1 --- 330.1 Economische grondbegrippen. Algemene begrippen in de economie --- Economische grondbegrippen. Algemene begrippen in de economie --- Economics --- economische theorieen --- Risicotheorie, speltheorie. Risicokapitaal. Beslissingsmodellen --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Liberaal systeem. Neo-liberalisme. Theorie van de onderhandeling --- Kapitalisme --- Methodology --- Economie politique --- Méthodologie --- Experimental economics. --- Wirtschaftswissenschaften. --- Wirtschaftsforschung. --- Methode. --- Experimentelle Wirtschaftsforschung. --- Experiment. --- Economics - Methodology --- Battle of the Sexes game. --- Dutch auction. --- Ellsberg paradox. --- Lindahl equilibrium. --- Lindahl mechanism. --- Nash bargaining theory. --- Prisoner's Dilemma. --- Vickery auction. --- adaptive models. --- auction theory studies. --- blind-bid auction. --- call market. --- description invariance. --- efficient outcomes. --- fanning in hypothesis. --- focal points. --- futures market. --- illusion of control. --- impunity games. --- infinite horizon game. --- mechanism design. --- options market. --- posted-bid auctions. --- price list auction. --- scoring rules. --- simulation, computer. --- trigger strategies. --- Experimentelles Arbeiten --- Laborexperiment --- Test --- Freihandversuch --- Versuch --- Laborversuch --- Experimente --- Experimentelle Ökonomik --- Experimentelle Ökonomie --- Empirische Wirtschaftsforschung --- Methodik --- Verfahren --- Technik --- Methoden --- Methodologie --- Wirtschaftswissenschaften --- Ökonomie --- Wirtschaftswissenschaft --- Forschung --- SCIENCE ECONOMIQUE --- METHODOLOGIE

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