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1、AuctionTheorySecondEditionVijayKrishnaDepartmentofEconomicsPennsylvaniaStateUniversityUniversityPark,PAAMSTERDAM•BOSTON•HEIDELBERG•LONDONNEWYORK•OXFORD•PARIS•SANDIEGOSANFRANCISCO•SINGAPORE•SYDNEY•TOKYOAcademicPressisanimprintofElsevierAcademicPressisan
2、imprintofElsevier30CorporateDrive,Suite400,Burlington,MA01803,USA525BStreet,Suite1900,SanDiego,California92101-4495,USA84Theobald’sRoad,LondonWC1X8RR,UKThisbookisprintedonacid-freepaper.Copyright©2010byElsevierInc.Allrightsreserved.Nopartofthispublicat
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5、ongressCataloging-in-PublicationDataApplicationSubmitted.BritishLibraryCataloguinginPublicationDataAcataloguerecordforthisbookisavailablefromtheBritishLibrary.ISBN13:978-0-12-374507-1ForinformationonallElsevierAcademicPresspublicationsvisitourWebsiteat
6、www.elsevierdirect.comTypesetby:diacriTech,IndiaPrintedintheUnitedStatesofAmerica0910987654321Tomyparents,RajandKamlaKrishna,whotaughtonlybyexampleThispageintentionallyleftblankContentsPreface.......................................................ix1In
7、troduction.............................................11.1SomeCommonAuctionForms.........................21.2Valuations..........................................21.3EquivalentAuctions..................................41.4RevenueversusEfficiency........
8、.....................51.5WhatIsanAuction?..................................61.6OutlineofPartI.....................................6ISingle-ObjectAuctions92PrivateValueAuctions:AFirstLook.......................112.1TheSymmetricModel.....