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Understanding auctions /

By: Chattopadhyay, Srobonti
Title By: Chatterjee, Rittwik
Series: Routledge focus on management and society.Publisher: London : Routledge, c2020.Description: xiv, 94 p. : ill. ; 23 cm.ISBN: 9781138575936Subject(s): Auctions | BUSINESS &​ ECONOMICS /​ ManagementDDC classification: 381.17 CH UN Online resources: Location Map
Summary:
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 the allocation of permits and licenses.
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Item type Home library Call number Status Notes Date due Barcode Item holds
REGULAR University of Wollongong in Dubai
Main Collection 		381.17 CH UN (Browse shelf) Available Oct2019 T0062941
REGULAR University of Wollongong in Dubai
Main Collection 		381.17 CH UN (Browse shelf) Available T0063069
Total holds: 0
, Shelving location: Main Collection Close shelf browser
381.14906573 SO WA The Wal-Mart way : 381.14906573 SO WA The Wal-Mart way : 381.1490973 FI WA The Wal-Mart effect : 381.17 CH UN Understanding auctions / 381.17 CH UN Understanding auctions / 381.170151 ME IN An introduction to auction theory / 381.170285 CO PE The perfect store :

What are auctions and what is auction theory?
Why study auction theory?
The economics behind auctions
Some standard results in auction theory
Auctions: some real-life experiences
Auctions in India

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 the allocation of permits and licenses.

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