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Ebook An introduction to auction theory: Part 1

(BQ) Part 1 book "An introduction to auction theory" has contents: Bayesian nash equilibrium, the independent private values model, the correlated private values model, the effect of risk aversion, an example with correlated types, the symmetric model with two bidders,.and other contents. | A N I N T RO D U C T I O N T O AU C T I O N T H E O RY This page intentionally left blank An Introduction to Auction Theory FLAVIO M. MENEZES University of Queensland PAULO K. MONTEIRO EPGE/FGV 1 3 Great Clarendon Street, Oxford OX2 6DP Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide in Oxford New York Auckland Bangkok Buenos Aires Cape Town Chennai Dar es Salaam Delhi Hong Kong Istanbul Karachi Kolkata Kuala Lumpur Madrid Melbourne Mexico City Mumbai Nairobi S˜o Paulo Shanghai Taipei Tokyo Toronto a Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries Published in the United States by Oxford University Press Inc., New York c Flavio Menezes and Paul Monteiro, 2005 The moral rights of the authors have been asserted Database right Oxford University Press (maker) First published 2005 First published in paperback 2008 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, or under terms agreed with the appropriate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above You must not circulate this book in any other binding or cover and you must impose this same condition on any acquirer British Library Cataloguing in Publication Data Data available Library of Congress Cataloging in Publication Data Data available ISBN 978–0–19–927598–4 (Hbk.) 978–0–19–927599–1 (Pbk.) 1 3 5 7 9 10 8 6 4 2 Typeset by SPI Publisher Services, Pondicherry, India Printed in Great Britain on acid-free paper by Biddles Ltd., King’s Lynn, .