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Author Question: Appendix: Incentive-compatible revelation mechanisms attempt to a. induce an employee to reject the ... (Read 24 times)

burchfield96

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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


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aruss1303

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


burchfield96

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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