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Discovering prices : auction design in markets with complex constraints /
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith's famous concept of an invisible hand, which guides markets and renders regulation or interference largely unneces...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Columbia University Press,
[2017]
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| Colección: | Kenneth J. Arrow lecture series (New York, N.Y.)
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Introduction
- (Near- )substitutes, prices, and stability
- Vickrey auctions and substitution
- Deferred acceptance auctions and near-substitutes
- Conclusion.