Are all film stars linked to Kevin Bacon? Why do the stock markets rise and fall sharply on the strength of a vague rumour? How does gossip spread so quickly? Are we all related through six degrees of separation? There is a growing awareness of the complex networks that pervade modern society. We see them in the rapid growth of the internet, the ease of global communication, the swift spread of news and information, and in the way epidemics and financial crises develop with startling speed and intensity. This introductory book on the new science of networks takes an interdisciplinary approach, using economics, sociology, computing, information science and applied mathematics to address fundamental questions about the links that connect us, and the ways that our decisions can have consequences for others.
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in a less efficient allocation of failed banks. Our results provide new insights into the bank resolution process and the role of special interests.
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Why would a smart New York investment banker pay twelve million dollars for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock’s drip painting No.5 1948 sell for $140 million? 'The $12 Million Dollar Stuffed Shar'k is the first book to look at the economics of the modern art world, and the marketing strategies that power the market to produce such astronomical prices. Don Thompson talks to auction houses, dealers, and collectors to find out the source of Charles Saatchi’s Midas touch, and how far a gallery like White Cube has contributed to Damien Hirst becoming one of the highest-earning artists in the world.
In the near future, a machinist, a monk, and a mesmerizer are looking for the Source of the universe, but among the ancient scriptures, they only find the devil ... Few humans in the future find the secrets of what words and sounds can do, for the Apocalypse and war have led them to evolve in mind and physique. Two of them end World War III with just a four-minute speech. Some say they did mass hypnosis. Others say it was their voice and will. Fifty years later in South Asia, KUSHA, a twenty-three-year-old machine-geek with social awkwardness and amnesia, tries to get the Devil’s Book with secrets of voice. But her idol of voice and everyone's beloved war heroes, YUAN and RUEM, are also after it for power. In a society that worships the evolved High Grades with voice, how you speak and which words you talk with is important. As someone who finds all solutions in books, Kusha thinks the secrets in the three-foot-long ancient book will teach her to speak mesmerizingly. She believes it will help her evolve. So, she decides to attend the auction where the book will be sold. But there's a problem; powerful High Grades want the book too. They want to code fate, rewriting the material world. They are undead, immortal mesmerizers. And being a philosopher, Kusha admires their ethics while she must fight them—the fight that starts with the book. The fight creates a chain reaction leading her to an epic journey. About the Series: THE HIGH AUCTION: WISDOM REVOLUTION is a book of genre-bending Adult Sci-fi-Fantasy series "The Machinist, The Monk, And The Mesmerizer Chronicles." Here, you'll find Metaphysical magic built around philosophy and spirituality. You'll find ancient mysteries, archaeological adventures, and, most importantly, you will meet some characters. Its inspiration was from myths/truth (read the word you prefer) of all religions where humans evolved to Sufis, Rishis, Sannashis, Monks, and sometimes, Gods. Example: Shiva Purana in Hindu epics where Sati evolved to Goddess Parvati and splits into Kali to destroy the evil is a prominent example. You'll find diverse cultures, sexuality, and faith in this series. Enjoy. What the Critiques and Reviewers are saying about it: "GEM PROSE ... YOU WILL FINISH THIS BOOK ONCE YOU START ..." "EXCEPTIONALLY THOUGHT-PROVOKING ..." "RELATABLE ... YOU KEEP NODDING AT EVERYTHING ..."
In what promises to become an "Omnivore's Dilemma" for dog lovers—breed devotees and adoption advocates alike—The Dog Merchants is the first book to explain the complex and often surprisingly similar business practices that extend from the American Kennel Club to local shelters, from Westminster champions to dog auctions.Without judging dog lovers of any stripe, The Dog Merchants makes it clear that money spent among these dog merchants has real-world effects on people and canines. Kavin reveals how dog merchants create markets for dogs, often in defiance of the usual rules of supply and demand. She takes an investigative approach and meets breeders and rescuers at all levels, shedding much-needed light on an industry that most people don't even realize is an industry.Kavin’s goal is to advance the conversation about how all dogs are treated, from puppy mills to high-kill shelters. She shows that a great deal can be improved by understanding the business practices behind selling dogs of all kinds. Instead of pitting rescue and purebred people against each other, The Dog Merchants shows how all dog lovers can come together, with one voice as consumers, on behalf of all our beloved companions.
In 1859, at the largest recorded slave auction in American history, over 400 men, women, and children were sold by the Butler Plantation estates. This book is one of the first to analyze the operation of this auction and trace the lives of slaves before, during, and after their sale. Immersing herself in the personal papers of the Butlers, accounts from journalists that witnessed the auction, genealogical records, and oral histories, Anne C. Bailey weaves together a narrative that brings the auction to life. Demonstrating the resilience of African American families, she includes interviews from the living descendants of slaves sold on the auction block, showing how the memories of slavery have shaped people's lives today. Using the auction as the focal point, The Weeping Time is a compelling and nuanced narrative of one of the most pivotal eras in American history, and how its legacy persists today.
