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Auctions

By Timothy P. Hubbard, Harry J. Paarsch
eBook
$12.99
By Timothy P. Hubbard, Harry J. Paarsch
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How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay.

Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work....

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