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Book Cover
E-book
Author Menezes, Flavio

Title Introduction to Auction Theory
Published Oxford : Oxford University Press, Incorporated, 2008

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Description 1 online resource (199 pages)
Contents ""Contents""; ""1 Introduction""; ""2 Preliminaries""; ""2.1 Notation""; ""2.2 Bayesian Nash Equilibrium""; ""2.3 Auctions as Games""; ""2.3.1 What is an Auction?""; ""2.3.2 Auction Types""; ""2.3.3 Auction as Bayesian Games""; ""3 Private Values""; ""3.1 The Independent Private Values Model""; ""3.1.1 First-price Auctions""; ""3.1.2 Second-price Auctions""; ""3.1.3 Revenue Equivalence""; ""3.1.4 Reserve Prices and Entry Fees""; ""3.2 The Correlated Private Values Model""; ""3.2.1 Second-price Auction""; ""3.2.2 First-price Auction""; ""3.2.3 Comparison of Expected Payment""
""3.3 The Effect of Risk Aversion""""3.3.1 Revenue Comparison""; ""3.4 The Discrete Valuation Case""; ""3.5 Exercises""; ""4 Common Value""; ""4.1 An Example with Independent Signals""; ""4.1.1 First-price Auction""; ""4.1.2 Second-price Auction Example""; ""4.2 An Example with Correlated Types""; ""4.2.1 First-price Auction""; ""4.2.2 Second-price Auction""; ""4.3 The Symmetric Model with Two Bidders""; ""4.3.1 Second-price Auctions""; ""4.3.2 First-price Auctions""; ""4.3.3 Revenue Comparison""; ""4.4 Exercises""; ""5 Affiliated Values""; ""5.1 The General Model""
""5.2 Second-price Auctions""""5.3 First-price Auctions""; ""5.4 English Auctions""; ""5.5 Expected Revenue Ranking""; ""5.6 Exercises""; ""6 Mechanism Design""; ""6.1 The Revelation Principle""; ""6.2 Direct Mechanisms""; ""6.3 Revenue Equivalence and the Optimal Auction""; ""6.4 Some Extensions""; ""6.4.1 Non-monotonic Marginal Valuation""; ""6.4.2 Correlated Values""; ""6.4.3 Several Objects""; ""6.4.4 Common Values Auction""; ""6.5 Exercises""; ""7 Multiple Objects""; ""7.1 Sequential Auctions""; ""7.2 Simultaneous Auctions""; ""7.2.1 Discriminatory Auctions""
""7.2.2 Uniform price Auctions""""7.3 Optimal Auction""; ""7.4 Exercises""; ""8 What is Next?""; ""8.1 Distribution Hypotheses in Auction Theory""; ""A: Probability""; ""A.1 Probability Spaces""; ""A.2 Uncountable Sample Space Case""; ""A.3 Random Variables""; ""A.4 Random Vectors and their Distribution""; ""A.5 Independence of Random Variables""; ""A.6 The Distribution of the Maximum of Independent Random Variables""; ""A.7 The Distribution of the Second Highest Value""; ""A.8 Mean Value of Random Variables""; ""A.9 Conditional Probability""; ""B: Differential Equations""
""B.1 The Simplest Differential Equation""""B.2 Integrating Factor""; ""C: Affiliation""; ""D: Convexity""; ""References""; ""Index of Notations""; ""Index of Proper Names""; ""Index""; ""A""; ""B""; ""C""; ""D""; ""E""; ""F""; ""G""; ""I""; ""L""; ""M""; ""N""; ""O""; ""P""; ""R""; ""S""; ""U""; ""W""
Notes Print version record
Subject Auctions -- Mathematical models
Economics, Mathematical.
BUSINESS & ECONOMICS.
Sales & Selling / General.
Auctions -- Mathematical models
Economics, Mathematical
Form Electronic book
Author Monteiro, Paulo K
ISBN 9780191534720
0191534722