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Author Question: Which auction format generates the most revenue for the seller? a. First price. b. Second price. ... (Read 71 times)

luminitza

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on: Jul 1, 2018
Which auction format generates the most revenue for the seller?
 a. First price.
  b. Second price.
  c. They generate the same expected revenue.
  d. Depends on the environment.

Question 2

Concerning auctions, what is the definition of a common-values setting?
 a. Bids are submitted using open outcries.
  b. Bids are submitted simultaneously, and the highest is selected as the winner.
  c. Bidders value the object the same, but are uncertain as to what that value is.
  d. Bids are submitted by syndicates of cooperating bidders.


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pratush dev

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

d

Answer to Question 2

c


luminitza

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  • Posts: 555
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

dreamfighter72

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

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