This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: This factor contributes to the winner's curse a. your estimate of the value of the object was not ... (Read 113 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jul 1, 2018
This factor contributes to the winner's curse
 a. your estimate of the value of the object was not the most optimistic
  b. your bid was not the highest
  c. there were not many other bidders you had to beat out
  d. you shaded your bid a lot

Question 2

Consider three ways of allocating two goods in a two-person exchange economy. I. Both individuals take prices as given and equilibrium prices are established by an impartial auctioneer. II. One individual can act as a perfect price discriminator and force the other individual to pay a different price for each unit of a good that is traded. III. One individual is a monopolist and can charge the other individual a single, utility-maximizing price. Which of these situations is efficient?
 a. None of them.
  b. Only I.
  c. I and II, but not III.
  d. I and III, but not II.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


awywial

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jul 1, 2018
Correct answers!


nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

A basic principle of symbolic interactionism is that meaning is not inherent in an object or event, ... A basic principle of symbolic interactionism is that meaning is not inherent in an object or event, ...
Object Perception and Boundaries Object Perception and Boundaries
How to factor and solve quadratic trinomials (Part 2) How to factor and solve quadratic trinomials (Part 2)
The Global Positioning System determines the location of an object from its distances to ... The Global Positioning System determines the location of an object from its distances to ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
How do i calulate an object of that is dropped from (g=9.80m/s2) for 5 s before hitting the ... How do i calulate an object of that is dropped from (g=9.80m/s2) for 5 s before hitting the ...
Video: Smoking Cessation

For a complete list of videos, visit our video library