{"product_id":"an-introduction-to-auction-theory-flavio-m-menezes-9780199275991","title":"An Introduction to Auction Theory","description":"The practical importance of auction theory is widely recognized. Indeed, economists have been recognized for their contribution to the design of several auction-like mechanisms, such as the U. S. Federal Communications Commission spectrum auctions, the 3G auctions in Europe and beyond, and the auction markets for electricity markets around the world. \u003cp\u003e\u003c\/p\u003eMoreover, auction theory is now seen as an important component of an economist's training. For example, some of the more celebrated results from the single-object auction theory are now usually taught in advanced undergraduate and first-year graduate courses on the economics of information. The techniques and insights gained from the study of auction theory provide a useful starting point for those who want to venture into the economics of information, mechanism design, and regulatory economics. \u003cp\u003e\u003c\/p\u003eThis book provides a step-by-step, self-contained treatment of the theory of auctions. The aim is to provide an introductory textbook that will allow students and readers with a calculus background to work through all the basic results. Coverage includes: the basic independent-private-model; the effects of introducing correlation in valuations on equilibrium behaviour and the seller's expected revenue; mechanism design; and the theory of multi-object auctions. The paperback edition of the text includes a new chapter which acts as a guide to current developments in auction theory.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Flavio M. Menezes,Paulo K. Monteiro\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0199275998\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780199275991\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/26\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 200\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.63lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.42d","brand":"Flavio M. Menezes","offers":[{"title":"Paperback","offer_id":47419022475519,"sku":"9780199275991","price":77.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_843eb8e3-2209-461f-bfad-bada91f33ad6.jpg?v=1761508968","url":"https:\/\/www.whiterainbookhouse.com\/products\/an-introduction-to-auction-theory-flavio-m-menezes-9780199275991","provider":"WR Book House","version":"1.0","type":"link"}