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Year: 1967 Publisher: London Muller
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ISBN: 0691016674 9786612158759 1282158759 1400830133 9781400830138 9780691016672 9781282158757 6612158751 Year: 2002 Publisher: Princeton, N.J. : Princeton University Press,
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Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result. The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.
Auctions --- Paradoxes --- Value --- 381.17 --- Standard of value --- Cost --- Economics --- Exchange --- Wealth --- Prices --- Supply and demand --- Dutch auctions --- Vendues --- Bailments --- Commercial law --- Auctions. --- Paradoxes. --- Value. --- E-books
ISBN: 0805207880 Year: 1986 Publisher: New York (N.Y.): Schocken Books
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Authors, Russian --- Biography --- Gorky, Maksim, --- Gao'erji, --- Gkorky, Maxim --- Gorikki --- Gorkaĭ, M. --- Gorki, A. M. --- Gorḳi, M. --- Gorkī, Maiksima --- Gorki, Maksim --- Gorki, Maksym --- Gorki, Massimo --- Gorki, Maxim --- Gorki, Maxime --- Gorki, Maximo --- Gorʹkiĭ, A. M. --- Gorʹkiĭ, Alekseĭ Maksimovich --- Gorʹkiĭ, M. --- Gorʹkiĭ, Maksim --- Gorʹkij, Maksim --- Gorkij, Maxim --- Gorkis, Maksima, --- Gorky, M. --- Gorky, Maxi, --- Gorukī --- Horʹkyĭ, M. --- Jūrkī, Maksīm --- Kao-erh-ch --- Kārkki, --- Kārkki, Makcīm, --- Kārkki, Māksim, --- Kō̜kkī, Māksim, --- Korikki, --- Korkʻi, Makʻsim, --- Maiksima Gorkī, --- Peshkov, Alekseĭ Maksimovich, --- Peshkov, Aleksey Maksimovich, --- Peškov, Aleksej Maksimovič, --- Pi︠e︡shkov, Aleksi︠e︡ĭ Maksimovich, --- Пешков, Алексей Максимович, --- Пѣшков, Алексѣй Максимович, --- Горький, А. М. --- Горький, Алексей Максимович, --- Горький, М., --- Горький, М. --- Горький, Максим, --- גארקי, א. מ. --- גארקי, מ. --- גארקי, מ., --- גארקי, מאקסים --- גארקי, מאקסימ, --- גורקי, מ. --- גורקי, מ., --- גורקי, מקסים --- גורקי, מקסים, --- גורקי, מכסים, --- דארקי, מאקסים --- جوركي، مكسيم --- 高尔基, --- 高爾基, --- Gor'kij, A. M. --- Gor'kij, Maksim --- Gorkij, Maksim --- Gorky, Maxim --- Peškov, Aleksej Maksimovič --- Gorky, Maksim
Book
ISBN: 9781400883172 Year: 2016 Publisher: Princeton, NJ
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