Auctions are among the oldest economic institutions in place. They have been used since antiquity to sell a wide variety of goods, and their basic form has remained unchanged. In this dissertation, we explore the efficiency of common auctions when values are interdependent- the value to a particular bidder may depend on information available only to others-and asymmetric. In this setting, it is well known that sealed-bid auctions do not achieve efficient allocations in general since they do not allow the information held by different bidders to be shared.
标签： institutions antiquity Auctions economic
上传时间： 2014-07-13
上传用户：Breathe0125
This books presents the research work of COST 273 Towards Mobile Broadband Multimedia Networks, hence, it reports on the work performed and on the results achieved within the project by its participants. The material presented here corresponds to the results obtained in four years of collaborative work by more than 350 researchers from 137 institutions (universities, operators, manufacturers, regulators, independent laboratories and others – a full list is provided in Appendix B) belonging to 29 countries (mainly European, but also from Asia and North America) in the area of mobileradio. Theobjectiveofpublishingtheseresultsasabookisessentiallytomakethemavailable to an audience wider than the project. In fact, it just follows a ‘tradition’ of previous COST Actions in this area of telecommunications, i.e. COST 207, 231 and 259.
标签： Multimedia Techniques Broadband Networks Mobile
上传时间： 2020-05-29
上传用户：shancjb
