Author Question: Appendix: Incentive-compatible revelation mechanisms attempt to a. induce an employee to reject the ... (Read 53 times)

burchfield96 · **on:** Jul 1, 2018

Appendix: Incentive-compatible revelation mechanisms attempt to
a. induce an employee to reject the next best alternative employment opportunity
b. elicit privately-held information
c. secure enforcement primarily by third parties
d. reject voluntary contracting with third parties
e. impose similar risk premiums on all employees

Question 2

If the bidders at an oral auction have true values of 8, 7, 6, and 5, the item will sell for
a. 8
b. 7
c. just over 7
d. just under 7