This book provides a comprehensive introduction to modern auction theory and its important new applications. It 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 book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
Product reliability is one of the important aspects of product quality. It's dependent on the reliability of every component used in the system. In "Reliability Basic Theories and Applications in Elec
Product reliability is one of the important aspects of product quality. It's dependent on the reliability of every component used in the system. In "Reliability Basic Theories and Applications in Elec
This book constitutes the thoroughly refereed post-conference proceedings of the 7th International Conference on Intelligent Computing, ICIC 2011, held in Zhengzhou, China, in August 2011. The 94 revi
This book constitutes the proceedings of the 7th Hellenic Conference on Artificial Intelligence, SETN 2012, held in Lamia, Greece, in May 2012. The 47 contributions included in this volume were carefu
The volume addresses major features in empirical social research from methodological and theoretical perspectives. Prominent researchers discuss central problems in empirical social research in a theo
"This book explores the ethical challenges of technology innovations, providing cutting-edge analysis of designs, developments, impacts, policies, theories, and methodologies related to ethical aspect
This book introduces some advanced topics in probability theories - both pure and applied. It is divided into two parts: the first part deals with the analysis of stochastic dynamical systems, in term
