This paper provides an elementary, non‐technical, survey of auction theory, by introducing
and describing some of the critical papers in the subject.(The most important of these are …

In this paper, we provide a perspective on why behavioral research is critical to the
operations management (OM) field, what prior research exists, and what opportunities lie …

Game theory, the formalized study of strategy, began in the 1940s by asking how
emotionless geniuses should play games, but ignored until recently how average people …

Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on
package and position auctions as well as end-of-chapter questions and chapter notes …

Many companies offer websites that enable customers to design their own individual
products, which the manufacturer can then produce to order. To date, the economic value of …

In arguably his most important book to date, Hodgson calls into question the tendency of
economic method to try and explain all economic phenomena by using the same catch-all …

Economists have lately been called upon not only to analyze markets, but to design them.
Market design involves a responsibility for detail, a need to deal with all of a market's …

Economists, psychologists, and marketing researchers rely on measures of consumers'
willingness to pay (WTP) in estimating demand for private and public goods and in …

Those who believe markets are inefficient rarely provide a coherent and refutable alternative
to the Efficiency Markets Hypothesis (EMH). This paper presents the Incomplete Revelation …

February 2000 was a stressful month for me: the UK 3G auction was about to begin. For over
two years I had been working with the UK government to design the world's first auction of …