7. The Greatest Auction in History

R. Preston McAfee; John McMillan; Simon Wilkie

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7. The Greatest Auction in History

R. Preston McAfee , John McMillan and Simon Wilkie

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This chapter is in the book Better Living through Economics

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McAfee, R. Preston, McMillan, John and Wilkie, Simon. "7. The Greatest Auction in History". Better Living through Economics, edited by John J. Siegfried, Cambridge, MA and London, England: Harvard University Press, 2010, pp. 168-187. https://doi.org/10.4159/9780674054622-008

McAfee, R., McMillan, J. & Wilkie, S. (2010). 7. The Greatest Auction in History. In J. Siegfried (Ed.), Better Living through Economics (pp. 168-187). Cambridge, MA and London, England: Harvard University Press. https://doi.org/10.4159/9780674054622-008

McAfee, R., McMillan, J. and Wilkie, S. 2010. 7. The Greatest Auction in History. In: Siegfried, J. ed. Better Living through Economics. Cambridge, MA and London, England: Harvard University Press, pp. 168-187. https://doi.org/10.4159/9780674054622-008

McAfee, R. Preston, McMillan, John and Wilkie, Simon. "7. The Greatest Auction in History" In Better Living through Economics edited by John J. Siegfried, 168-187. Cambridge, MA and London, England: Harvard University Press, 2010. https://doi.org/10.4159/9780674054622-008

McAfee R, McMillan J, Wilkie S. 7. The Greatest Auction in History. In: Siegfried J (ed.) Better Living through Economics. Cambridge, MA and London, England: Harvard University Press; 2010. p.168-187. https://doi.org/10.4159/9780674054622-008

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Chapters in this book

Frontmatter i
Contents v
Introduction 1
Overview: Highlights of the Benefits of Basic Science in Economics 6
1. The Evolution of Emissions Trading 42
2. Better Living through Improved Price Indexes 63
3. Economics and the Earned Income Tax Credit 88
4. Trade Liberalization and Growth in Developing Countries 110
5. The Role of Economics in the Welfare- to- Work Reforms of the 1990s 130
6. Better Living through Monetary Economics 146
7. The Greatest Auction in History 168
8. Air-Transportation Deregulation 188
9. Deferred- Acceptance Algorithms: History, Theory, Practice 206
10. Economics, Economists, and Antitrust: A Tale of Growing Influence 226
11. Economics and the All- Volunteer Military Force 253
12. Public Policy and Saving for Retirement: The Autosave Features of the Pension Protection Act of 2006 274
Contributors 297
Index 301

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https://doi.org/10.4159/9780674054622-008

Chapters in this book

Frontmatter i
Contents v
Introduction 1
Overview: Highlights of the Benefits of Basic Science in Economics 6
1. The Evolution of Emissions Trading 42
2. Better Living through Improved Price Indexes 63
3. Economics and the Earned Income Tax Credit 88
4. Trade Liberalization and Growth in Developing Countries 110
5. The Role of Economics in the Welfare- to- Work Reforms of the 1990s 130
6. Better Living through Monetary Economics 146
7. The Greatest Auction in History 168
8. Air-Transportation Deregulation 188
9. Deferred- Acceptance Algorithms: History, Theory, Practice 206
10. Economics, Economists, and Antitrust: A Tale of Growing Influence 226
11. Economics and the All- Volunteer Military Force 253
12. Public Policy and Saving for Retirement: The Autosave Features of the Pension Protection Act of 2006 274
Contributors 297
Index 301

7. The Greatest Auction in History

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