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<P><FONT size=4><A href="http://www.amazon.co.uk/gp/product/0199275998?ie=UTF8&amp;tag=ebc-21">http://www.amazon.co.uk/gp/product/0199275998?ie=UTF8&amp;tag=ebc-21</A></FONT></P>
<P><FONT size=4>An Introduction to Auction Theory<BR></FONT>By <STRONG>Flavio M. Menezes, Paulo K. Monteiro</STRONG></P>
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<P><STRONG>Paperback:</STRONG>&nbsp; 200 pages<STRONG> <BR>Publisher:</STRONG>&nbsp; OUP Oxford (12 Jun 2008) <BR><STRONG>Language&nbsp; </STRONG>English <BR><STRONG>ISBN-10:</STRONG>&nbsp; 0199275998 <BR><STRONG>ISBN-13:</STRONG>&nbsp; 978-0199275991 </P>
<P><BR><STRONG>Product Description:</STRONG> </P>
<P>The practical importance of auction theory is widely recognized. Indeed, economists have been recognized for their contribution to the design of several auction-like mechanisms, such as the U. S. Federal Communications Commission spectrum auctions, the 3G auctions in Europe and beyond, and the auction markets for electricity markets around the world. <BR>Moreover, auction theory is now seen as an important component of an economist's training. For example, some of the more celebrated results from the single-object auction theory are now usually taught in advanced undergraduate and first-year graduate courses on the economics of information. The techniques and insights gained from the study of auction theory provide a useful starting point for those who want to venture into the economics of information, mechanism design, and regulatory economics.<BR>This book provides a step-by-step, self-contained treatment of the theory of auctions. The aim is to provide an introductory textbook that will allow students and readers with a calculus background to work through all the basic results. Coverage includes: the basic independent-private-model; the effects of introducing correlation in valuations on equilibrium behaviour and the seller's expected revenue; mechanism design; and the theory of multi-object auctions. The paperback edition of the text includes a new chapter which acts as a guide to current developments in auction theory.</P>