Legal Theory of Auction

Legal Theory of Auction

Author: Kristijan Poljanec

Publisher: Taylor & Francis

Published: 2022-09-09

Total Pages: 245

ISBN-13: 1000647153

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The widespread understanding of auction structure considers auction as consisting of three contracts: contract between the seller and the auctioneer, contract between the auctioneer and the buyer and the sale contract between the seller and the buyer. The book challenges this concept, arguing that the traditional tripartite concept of auction is too narrow and does not correspond to the actual structure of auction relations. Demonstrating that an auction structure consists of a plethora of legal relationships, including noncontractual relations, this book explores the legal concept of auction sale and the structure of accompanying relations. The book provides a historical overview of auctions and different auction models. Following a brief introduction to the economic theory, auction models are examined against the following legal criteria: price formation, publicity, parties’ autonomy, legal form and applied technology to find a legal concept and nature of auction. The book explores the legal position of key auction figures and auction objects to identify the categories of legal relations that appear at auction. It explores the legal nature of the main contract, as well as the relations between the consignor and the auctioneer, the auctioneer and the bidders, the bidders themselves, the consignor and the bidders. The book covers relations arising from droit de suite, financial and bidding agreements to provide a comprehensive overview of lesserknown legal relations that commonly arise in auction practice.


Book Synopsis Legal Theory of Auction by : Kristijan Poljanec

Download or read book Legal Theory of Auction written by Kristijan Poljanec and published by Taylor & Francis. This book was released on 2022-09-09 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The widespread understanding of auction structure considers auction as consisting of three contracts: contract between the seller and the auctioneer, contract between the auctioneer and the buyer and the sale contract between the seller and the buyer. The book challenges this concept, arguing that the traditional tripartite concept of auction is too narrow and does not correspond to the actual structure of auction relations. Demonstrating that an auction structure consists of a plethora of legal relationships, including noncontractual relations, this book explores the legal concept of auction sale and the structure of accompanying relations. The book provides a historical overview of auctions and different auction models. Following a brief introduction to the economic theory, auction models are examined against the following legal criteria: price formation, publicity, parties’ autonomy, legal form and applied technology to find a legal concept and nature of auction. The book explores the legal position of key auction figures and auction objects to identify the categories of legal relations that appear at auction. It explores the legal nature of the main contract, as well as the relations between the consignor and the auctioneer, the auctioneer and the bidders, the bidders themselves, the consignor and the bidders. The book covers relations arising from droit de suite, financial and bidding agreements to provide a comprehensive overview of lesserknown legal relations that commonly arise in auction practice.

An Introduction to Auction Theory

An Introduction to Auction Theory

Author: Flavio M. Menezes

Publisher: Oxford University Press, USA

Published: 2005

Total Pages: 200

ISBN-13: 0199275998

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This book provides a step-by-step, self-contained treatment of auction theory and aims to provide an introductory treatment to allow students to work through all the basic results. The techniques and insights gained provide a useful starting point for those wanting to venture into information economics, mechanism design and regulatory economics.


Book Synopsis An Introduction to Auction Theory by : Flavio M. Menezes

Download or read book An Introduction to Auction Theory written by Flavio M. Menezes and published by Oxford University Press, USA. This book was released on 2005 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a step-by-step, self-contained treatment of auction theory and aims to provide an introductory treatment to allow students to work through all the basic results. The techniques and insights gained provide a useful starting point for those wanting to venture into information economics, mechanism design and regulatory economics.

The Legal System of Art Auction in China

The Legal System of Art Auction in China

Author: Zhen Zheng

Publisher:

Published: 2022

Total Pages: 0

ISBN-13: 9789811901294

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This book is the first book to comprehensively and deeply explain and construct the legal system of Chinese art auctions. Based on agency theory in traditional contract law, this book combs the legal relationship between client, auctioneer, and buyer. Aiming at the most difficult problem of art identification, this book shows the obligations that auctioneers must perform and the common methods for auctioneers to avoid these obligations. The purpose of this book is to ease the current situation in which the interests of buyers and auctioneers are too opposed and speed up the legalization process of art auctions through the construction of the legal system of art auctions in China. Additionally, using the method of policy demonstration, this book discusses how public power should intervene in the process of art auctions.


Book Synopsis The Legal System of Art Auction in China by : Zhen Zheng

Download or read book The Legal System of Art Auction in China written by Zhen Zheng and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first book to comprehensively and deeply explain and construct the legal system of Chinese art auctions. Based on agency theory in traditional contract law, this book combs the legal relationship between client, auctioneer, and buyer. Aiming at the most difficult problem of art identification, this book shows the obligations that auctioneers must perform and the common methods for auctioneers to avoid these obligations. The purpose of this book is to ease the current situation in which the interests of buyers and auctioneers are too opposed and speed up the legalization process of art auctions through the construction of the legal system of art auctions in China. Additionally, using the method of policy demonstration, this book discusses how public power should intervene in the process of art auctions.

Putting Auction Theory to Work

Putting Auction Theory to Work

Author: Paul Milgrom

Publisher: Cambridge University Press

Published: 2004-01-12

Total Pages: 378

ISBN-13: 1139449168

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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 the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.


Book Synopsis Putting Auction Theory to Work by : Paul Milgrom

Download or read book Putting Auction Theory to Work written by Paul Milgrom and published by Cambridge University Press. This book was released on 2004-01-12 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.

Internet Marketplaces

Internet Marketplaces

Author: Christina Hultmark

Publisher: Oxford University Press, USA

Published: 2002

Total Pages: 234

ISBN-13: 9780199254293

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This title provides an analysis of the business models that are being employed because of the increased use of online auctions and exchnages for business transactions, their legal structures, and the extent to which further work is still required to fill in the legal infrastructure.


Book Synopsis Internet Marketplaces by : Christina Hultmark

Download or read book Internet Marketplaces written by Christina Hultmark and published by Oxford University Press, USA. This book was released on 2002 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides an analysis of the business models that are being employed because of the increased use of online auctions and exchnages for business transactions, their legal structures, and the extent to which further work is still required to fill in the legal infrastructure.

A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law

A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law

Author: Joseph BATEMAN

Publisher:

Published: 1846

Total Pages: 400

ISBN-13:

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Book Synopsis A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law by : Joseph BATEMAN

Download or read book A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law written by Joseph BATEMAN and published by . This book was released on 1846 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Treatise on the Law of Principal and Agent

A Treatise on the Law of Principal and Agent

Author: Samuel Livermore

Publisher:

Published: 1818

Total Pages: 438

ISBN-13:

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Book Synopsis A Treatise on the Law of Principal and Agent by : Samuel Livermore

Download or read book A Treatise on the Law of Principal and Agent written by Samuel Livermore and published by . This book was released on 1818 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law

A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law

Author: Joseph BATEMAN

Publisher:

Published: 1863

Total Pages: 530

ISBN-13:

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Book Synopsis A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law by : Joseph BATEMAN

Download or read book A Practical Treatise on the Law of Auctions; with forms, tables, statutes, & cases, and directions to auctioneers ... Third edition, adapted to the recent alterations in the law written by Joseph BATEMAN and published by . This book was released on 1863 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Auctions Law and Practice

Auctions Law and Practice

Author: Brian W. Harvey

Publisher: Oxford University Press, USA

Published: 1995

Total Pages: 401

ISBN-13: 9780198259084

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This extensively revised edition of Harvey and Meisel's valuable specialized work describes and analyses the law as it applies to auctions and sales. As such it will appeal to anyone connected with the auctioneering world, including agricultural auctioneers, car auctioneers, property auctioneers, and fine art auctioneers. This edition includes analysis of new English cases and the growing body of European and international law affecting auctions and sales. It is both a practical book of reference and a serious academic study of a neglected yet fascinating subject.


Book Synopsis Auctions Law and Practice by : Brian W. Harvey

Download or read book Auctions Law and Practice written by Brian W. Harvey and published by Oxford University Press, USA. This book was released on 1995 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This extensively revised edition of Harvey and Meisel's valuable specialized work describes and analyses the law as it applies to auctions and sales. As such it will appeal to anyone connected with the auctioneering world, including agricultural auctioneers, car auctioneers, property auctioneers, and fine art auctioneers. This edition includes analysis of new English cases and the growing body of European and international law affecting auctions and sales. It is both a practical book of reference and a serious academic study of a neglected yet fascinating subject.

A Practical Treatise on the Law of Auctions

A Practical Treatise on the Law of Auctions

Author: Joseph Bateman

Publisher:

Published: 1882

Total Pages: 576

ISBN-13:

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Book Synopsis A Practical Treatise on the Law of Auctions by : Joseph Bateman

Download or read book A Practical Treatise on the Law of Auctions written by Joseph Bateman and published by . This book was released on 1882 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: