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Smith, Charles W. ListingsIf you cannot find what you want on this page, then please use our search feature to search all our listings. Click on Title to view full description
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AUCTIONS: THE SOCIAL CONSTRUCTION OF VALUE
Smith, Charles W.
1989 15313 From Library Journal Smith goes to great lengths to illustrate his theory that auctions provide a convenient alternative pricing mechanism when it is otherwise difficult to establish prices or ownership. The result of his careful analysis of the auction process is a fascinating socioeconomic study that challenges conventional economic wisdom. Auctions usually have been thought to be a rational process; Smith shows that they are influenced by a multitude of variables, leading to often unpredictable outcomes. Some of the insights are intriguing; for example, stock exchanges are not considered to be auctions while wedding dowries can be construed to be a form of auction bidding. Free Pr 0-02-929530-0 / 9780029295304
Hardcover As New New York out of Print
Price:
19.99 USD
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