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Auctions by Timothy P. Hubbard free ebook download

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Management

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Author(s):	Auctions

Date:	2015	Format:	PDF	Language:	English	ISBN/ASIN:	0262528533
Pages:	1	OCR:		Quality:		ISBN13:
Uploader:	eternal	Upload Date:	11/6/2020 10:01:02 AM

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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.

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	Title	Link	Password	Size (MB)	Thank to	Inform Admin
2896007	Book	https://tezfiles.com/file/23ea53be008dd...		4.36	eternal

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Auctions by Timothy P. Hubbard free ebook download

Category: Management

Description: Click to see full description

Category:
Management