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Author Question: Appendix: A Dutch auction implies all of the following except a. more than one unit sale available ... (Read 79 times)

mp14

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on: Jul 1, 2018
Appendix: A Dutch auction implies all of the following except
 a. more than one unit sale available
  b. higher prices later in the auction
  c. identical expected seller revenue for common value items
  d. greater expected seller revenue in estate sales with risk-averse bidders

Question 2

An oral auction
 a. is also called a Vickrey auction
  b. is conducted by bidders submitting a single sealed bid
  c. is where the sole remaining bidder wins and pays his winning bid
  d. all of the above


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eliasc0401

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

d

Answer to Question 2

c


mp14

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

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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