Highlights
Most analyzed countries implemented stringent measures to face pandemic.
Strategies were incomplete lacking extensive testing and tracking measures.
Response effectiveness undermined by socioeconomic conditions and health capacities.
A poor pandemic management (communication and coordination) influenced results.
Large impact of COVID-19 on deaths in countries studied.
This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated values models and multi-object auction models are described. A general version of the Revenue Equivalence Theorem is derived and the optimal auction is characterized to relate the field of mechanism design to auction theory.
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