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In library: A Primer on Auction Design, Management, and Strategy

from November 17, 2014 to December 17, 2014

A Primer on Auction Design, Management, and Strategy by David Salant, Associate TSE researcher, MIT Press "Economics and Finance".
ISBN: 9780262028264 | 184 pp.

To order, MIT website

Overview :
Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and comprehensive rules. Because auctions are essentially complex negotiations that occur within a fully defined and rigid set of rules, they can be analyzed by game theoretic models more accurately and completely than can most other types of market transactions.
Updated on the December 3, 2014