Paul R. Milgrom Books

Discovering prices
Discovering prices

By Paul R. Milgrom

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Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith's famous concept...

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Putting Auction Theory to Work
Putting Auction Theory to Work

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Putting Auction Theory to Work
Putting Auction Theory to Work

By Paul R. Milgrom

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This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of th...

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Discovering Prices
Discovering Prices

By Paul R. Milgrom

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If you’ve ever purchased a product online or in a store, you’ve likely come across a barcode. Behind these barcodes lies a standardized system that makes modern commerce possible. Two key codes often encountered are the EAN (European Article Number) and ISBN (International Standard Book Number). But what are they, how are they connected, and why are they so crucial? Let’s explore.

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