« previous next »

Author Question: Appendix: An incentive-compatible mechanism for revealing true willingness to pay in a private value ... (Read 142 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
Appendix: An incentive-compatible mechanism for revealing true willingness to pay in a private value auction is
 a. impossible
  b. a Dutch auction
  c. a second-highest sealed bid auction
  d. a sequential auction with open bidding
  e. a discriminatory price all-or-nothing auction.

Question 2

An oral auction
 a. is also called an English auction
  b. is where bidders submit increasing bids until all but one remains
  c. is where the sole remaining bidder wins and pays his winning bid
  d. all of the above


ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

tth

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jul 1, 2018
Thank you


ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Mechanism of transport by a transporter, also called a carrier. Mechanism of transport by a transporter, also called a carrier.
Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe
Mechanism of Action of Immunosuppressants Mechanism of Action of Immunosuppressants
Mechanism of the biotin-dependent pyruvate carboxylase reaction Phase II Mechanism of the biotin-dependent pyruvate carboxylase reaction Phase II
Feedback mechanism of the thyroid gland Feedback mechanism of the thyroid gland
Mechanism of Breathing Mechanism of Breathing
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library