Cargando…

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...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Milgrom, Paul R. (Paul Robert), 1948- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Columbia University Press, [2017]
Colección:Kenneth J. Arrow lecture series (New York, N.Y.)
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000 i 4500
001 EBSCO_ocn969973847
003 OCoLC
005 20231017213018.0
006 m o d
007 cr |||||||||||
008 170123s2017 nyu ob 001 0 eng
010 |a  2017003117 
040 |a DLC  |b eng  |e rda  |e pn  |c DLC  |d OCLCO  |d OCLCQ  |d IDEBK  |d YDX  |d YDX  |d OCLCO  |d A7U  |d MERUC  |d OCLCF  |d OCLCQ  |d N$T  |d DEGRU  |d OCLCO  |d EBLCP  |d CGU  |d UPM  |d IDB  |d NJR  |d COCUF  |d STF  |d LOA  |d CUY  |d ZCU  |d ICG  |d INT  |d K6U  |d U3W  |d OCLCQ  |d LVT  |d VT2  |d WYU  |d S9I  |d TKN  |d OCLCQ  |d DKC  |d OCLCQ  |d UX1  |d OL$  |d RECBK  |d OCLCQ  |d AJS  |d HS0  |d OCLCO  |d OCLCQ  |d DGITA  |d OCLCO 
019 |a 984657523  |a 1055368949  |a 1066504260  |a 1101719283  |a 1227643419  |a 1228536447 
020 |a 9780231544573  |q (electronic bk.) 
020 |a 023154457X  |q (electronic bk.) 
020 |a 0231175981 
020 |a 9780231175982 
020 |z 9780231175982  |q (hardcover ;  |q alkaline paper) 
024 7 |a 10.7312/milg17598  |2 doi 
029 1 |a AU@  |b 000059526729 
029 1 |a AU@  |b 000066763159 
029 1 |a DKDLA  |b 820120-katalog:999930443305765 
035 |a (OCoLC)969973847  |z (OCoLC)984657523  |z (OCoLC)1055368949  |z (OCoLC)1066504260  |z (OCoLC)1101719283  |z (OCoLC)1227643419  |z (OCoLC)1228536447 
042 |a pcc 
050 4 |a HF5476  |b .M549 2017 
072 7 |a BUS  |x 073000  |2 bisacsh 
072 7 |a BUS  |x 043000  |2 bisacsh 
072 7 |a BUS  |x 058000  |2 bisacsh 
082 0 0 |a 381/.1701  |2 23 
084 |a QH 430  |2 rvk  |0 (DE-625)rvk/141581: 
049 |a UAMI 
100 1 |a Milgrom, Paul R.  |q (Paul Robert),  |d 1948-  |e author. 
245 1 0 |a Discovering prices :  |b auction design in markets with complex constraints /  |c Paul Milgrom. 
264 1 |a New York :  |b Columbia University Press,  |c [2017] 
300 |a 1 online resource (xii, 232 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file 
347 |b PDF 
490 1 |a Kenneth J. Arrow lecture series 
504 |a Includes bibliographical references and index. 
505 0 |a Introduction -- (Near- )substitutes, prices, and stability -- Vickrey auctions and substitution -- Deferred acceptance auctions and near-substitutes -- Conclusion. 
588 0 |a Print version record and CIP data provided by publisher; resource not viewed. 
520 |a 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 unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What's needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom--the world's most frequently cited academic expert on auction design--describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world's growing complex resource allocation problems. 
546 |a In English. 
590 |a eBooks on EBSCOhost  |b EBSCO eBook Subscription Academic Collection - Worldwide 
650 0 |a Auctions  |x Mathematical models. 
650 0 |a Auction theory. 
650 0 |a Prices  |x Mathematical models. 
650 6 |a Vente aux enchères  |x Modèles mathématiques. 
650 6 |a Théorie des enchères. 
650 6 |a Prix  |x Modèles mathématiques. 
650 7 |a BUSINESS & ECONOMICS  |x Commerce.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Marketing  |x General.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Sales & Selling  |x General.  |2 bisacsh 
650 7 |a Auction theory  |2 fast 
650 7 |a Auctions  |x Mathematical models  |2 fast 
650 7 |a Prices  |x Mathematical models  |2 fast 
776 0 8 |i Print version:  |a Milgrom, Paul R. (Paul Robert), 1948-  |t Discovering prices.  |d New York : Columbia University Press, 2017  |z 9780231175982  |w (DLC) 2016046839 
830 0 |a Kenneth J. Arrow lecture series (New York, N.Y.) 
856 4 0 |u https://ebsco.uam.elogim.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1628763  |z Texto completo 
938 |a Digitalia Publishing  |b DGIT  |n DIGCOLUP0664 
938 |a De Gruyter  |b DEGR  |n 9780231544573 
938 |a EBL - Ebook Library  |b EBLB  |n EBL5276090 
938 |a EBSCOhost  |b EBSC  |n 1628763 
938 |a ProQuest MyiLibrary Digital eBook Collection  |b IDEB  |n cis37521437 
938 |a Recorded Books, LLC  |b RECE  |n rbeEB00795955 
938 |a YBP Library Services  |b YANK  |n 13971351 
994 |a 92  |b IZTAP