Putting Auction Theory to Work

by Paul R. Milgrom and Milgrom

Book Overview

Providing a comprehensive introduction to modern auction theory and its important new applications, this book is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the volume provides the most up-to-date analysis of traditional theories of optimal auctions as well as newer theories of multi-unit auctions and package auctions, and...

• Format: Paperback
• Language: English
• ISBN: 0521536723
• ISBN13: 9780521536721
• Release Date: January 2004
• Publisher: Cambridge University Press
• Length: 368 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.8" x 6.0" x 8.9"

Customer Reviews

Two sides in the book

I have read a few parts of the book however I see a pattern. Several chapters are descriptive and narrative with useful thoughts and idea. Simple and easy to read and follow. The majority of the chapters heavy dense math material. To benefit from it you need a solid math background and have had exposure to auctions. At least a good understanding of the basics auctions as those found in chapters of Game Theory textbooks. If this is your first book in Auction, it is not definetely a great option. Otherwise a great resource.

Great book! Must Read if you are in the auction space.

This is a great book about auction theory. I read it among many others as I was doing researches for our upcoming online auction site. It is clearly a bible for the auction professional as well as a very practical tool to understand existing and diverse mechanisms.