Livro - Introduction to Auction Theory, An

Auction theory is now an important component of an economist´s training. 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. This book provides a step-by-step, self-contained treatment of the theory of auctions. It allows students and readers with a calculus background to work through all the basic results, covering 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.

-Readership: Advanced undergraduate and graduate students and academics in auction theory, and professionals working in auctions and related fields.

*Special Features:

-Covers an important, topical, and practical component of an economist´s training.
-A step-by-step, self-contained treatment of the theory of auctions.
-Provides guidance through all the basic results in auction theory.
-The only book in this area written as a textbook for advanced undergraduates and introductory graduate courses.