A Primer on Auction Design, Management, and Strategy

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A guide to modeling and analyzing auctions, with the applications of game theory and auction theory to real-world auction decision making. 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 ...

A Primer on Auction Design, Management, and Strategy 2014, Mit Press, Cambridge

ISBN-13: 9780262028264

Hardcover

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