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Discovering Prices

Auction Design in Markets with Complex Constraints

Paul Milgrom describes how auctions can be used to discover prices and guide efficient resource allocations. 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 solving complex resource allocation problems.

Mai 2017, Kenneth J. Arrow Lecture Series, Englisch
University Presses
978-0-231-17598-2

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