Understanding Auctions: Understanding Auctions In Real Life (Routledge Focus on Management and Society)
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- Synopsis
- The book elaborates the basic principles of Auction Theory in a non-technical language so as to make them easily accessible to even those not trained in the discipline. Auctions as allocation mechanisms have been in use across the world since antiquity and are still employed in different countries for purchase and sales of a wide range of objects, both by governments and by private agents. Auction has gained popularity over other allocation mechanisms since the rules of auctions are very precise, involve much less subjective judgements compared to other alternative allocation mechanisms and lead to a more efficient process of discovering the true willingness of the buyers to pay. Moreover, the principles of Auction Theory are used in other contexts, for example in designing contests, or in controlling emission levels through allocation of permits and licenses.
- Copyright:
- 2020
Book Details
- Book Quality:
- Publisher Quality
- Book Size:
- 94 Pages
- ISBN-13:
- 9781351271066
- Related ISBNs:
- 9781138575936, 9781351271080
- Publisher:
- Taylor and Francis
- Date of Addition:
- 09/03/23
- Copyrighted By:
- Srobonti Chattopadhyay and Rittwik Chatterjee, The right of Srobonti Chattopadhyay and Rittwik Chatterjee to be identified as authors of this work has been asserted by them in accordance with sections
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Computers and Internet, Business and Finance
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.
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- by Srobonti Chattopadhyay
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