we must pay to use. What's needed in this and many other real-world cases is an auction system that can effectively … Prices, Paul Milgrom—the world's most frequently cited academic expert on auction design—describes how auctions can be used … real-world cases is an auction system that can effectively incorporate prices while still maintaining enough direct control …

auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such …'s curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as … the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the …

Die über das Internet erzielten Umsätze von Anbietern digitalisierter Inhalte wie Musik, Videos und elektronischen …