Common Value Auctions and the Winner's Curse

by Dan Levin and John H. Kagel

Book Overview

An invaluable account of how auctions work-and how to make them work

Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the...

• Format: Hardcover
• Language: English
• ISBN: 0691016674
• ISBN13: 9780691016672
• Release Date: August 2002
• Publisher: Princeton University Press
• Length: 424 Pages
• Weight: 1.65 lbs.
• Dimensions: 1.2" x 6.5" x 9.4"