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Edward Elgar Publishing The Economic Theory of Auctions (The International Library of Critical Writings in Economics series)

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£652.42 £619.80 £632.85 £645.90 £658.94 £671.99 £685.04 26 July 2026 01 August 2026 08 August 2026 14 August 2026 21 August 2026
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Description

This major two volume collection presents some of the most influential theoretical and empirical papers on the economic theory of auctions. Auction theory has been the basis of fundamental theoretical work in industrial economics, public economics, labour economics and finance, and has helped the understanding of price formation in markets. There has recently been an explosion of interest in its practical applications, especially in organising the sale of government assets (for example, treasury bonds, radio spectrum licenses, and firms to be privatised) and in developing new markets for electricity and transport. Because auctions are such simple and well defined environments, they provide a valuable testing ground for economic theory that has been increasingly exploited in empirical work. The book will also include important previously unpublished papers by P.R. Milgrom, R. Weber and A. Ortega-Reichert, and other hard-to-find papers by W. Vickery and others.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
26 January 2000
Listed Since
15 December 2006

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