Read and Download eBook Full
Author: Daniel Friedman
Publisher: Routledge
Published: 2018-05-04
Total Pages: 426
ISBN-13: 0429972164
DOWNLOAD EBOOKThis book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations.
Author: Daniel Friedman
Publisher: Routledge
Published: 2018-05-04
Total Pages: 456
ISBN-13: 0429961081
DOWNLOAD EBOOKThis book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations.
Author: Johnson & Jensen
Publisher:
Published: 1981
Total Pages: 95
ISBN-13:
DOWNLOAD EBOOKAuthor: Daniel Friedman
Publisher: Westview Press
Published: 1993-03-21
Total Pages: 464
ISBN-13: 9780201624595
DOWNLOAD EBOOKThis collection of papers focuses on markets organized as double auctions (DA). In a double auction, both buyers and sellers can actively present bids (offers to buy) and asks (offers to sell) for standardized units of well-defined commodities and securities. A classic example of a DA market (known by practitioners as an open outcry market) is the commodity trading pit at the Chicago Board of Trade. A related process is a call market, which is used to determine opening prices on the New York Stock Exchange. Already the predominant trading institution for financial and commodities markets, the double auction has many variants and is evolving rapidly in the present era of advancing computer technology and regulatory reform. DA markets are of theoretical as well as practical interest in view of the central role these institutions play in allocating resources. Although the DA has been studied intensively in the laboratory, and practitioners have considerable experience in the field, only recently have tools started to become available to provide the underpinning of a behavioral theory of DA markets.
Author: Johnson & Jensen
Publisher:
Published: 1982
Total Pages: 128
ISBN-13:
DOWNLOAD EBOOKAuthor: Paul Milgrom
Publisher: Cambridge University Press
Published: 2004-01-12
Total Pages: 378
ISBN-13: 1139449168
DOWNLOAD EBOOKThis 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.
Author: Drew Fudenberg
Publisher: MIT Press
Published: 1991-08-29
Total Pages: 616
ISBN-13: 0262303760
DOWNLOAD EBOOKThis advanced text introduces the principles of noncooperative game theory in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. This advanced text introduces the principles of noncooperative game theory—including strategic form games, Nash equilibria, subgame perfection, repeated games, and games of incomplete information—in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of noncooperative games studies the behavior of agents in any situation where each agent's optimal choice may depend on a forecast of the opponents' choices. "Noncooperative" refers to choices that are based on the participant's perceived selfinterest. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been most useful in the study of economic problems. They also include some applications to political science. The fourteen chapters are grouped in parts that cover static games of complete information, dynamic games of complete information, static games of incomplete information, dynamic games of incomplete information, and advanced topics.
Author: David Easley
Publisher: Cambridge University Press
Published: 2010-07-19
Total Pages: 745
ISBN-13: 1139490303
DOWNLOAD EBOOKAre 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.
Author: C. Hugh Hildesley
Publisher: W. W. Norton
Published: 1997
Total Pages: 235
ISBN-13: 9780393040715
DOWNLOAD EBOOKSotheby's C. Hugh Hildesley explains how to pick an auction house, how a sale is created, estimates and reserves, the procedures for buying, methods of payment, and more. Whether you want to buy a chateau in France, a Winslow Homer in New York, or an antique apple peeler in Vermont, here is all you need to know to particpate in the world's increasingly popular auctions. 55 photos.
Author: Flavio M. Menezes
Publisher: Oxford University Press, USA
Published: 2005
Total Pages: 200
ISBN-13: 0199275998
DOWNLOAD EBOOKThis book provides a step-by-step, self-contained treatment of auction theory and aims to provide an introductory treatment to allow students to work through all the basic results. The techniques and insights gained provide a useful starting point for those wanting to venture into information economics, mechanism design and regulatory economics.
