Books in the Churchill Lectures in Economics series

Written by one of the world's leading thinkers on game theory, this short book offers a challenging and accessible analysis of the relationship between economics and language. Essential reading for all social scientists.

Reporting on a fifteen year research program, Professor Gale makes extensive and rigorous use of dynamic matching and bargaining models to provide foundations for theory of general competitive equilibrium. Essential reading for graduate courses in game theory and general equilibrium.

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.

In these two lectures, first published in 1994, Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy. Both cyclical and seasonal data on the behaviour of macro-economies are examined.