« previous next »

Author Question: Appendix: An incentive-compatible mechanism for revealing true willingness to pay in a private value ... (Read 164 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?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Mechanism Mechanism
Mechanism of action of antimicrobial drugs. Mechanism of action of antimicrobial drugs.
Mechanism of Thiolytic Cleavage Mechanism of Thiolytic Cleavage
Feedback mechanism of the thyroid gland Feedback mechanism of the thyroid gland
Rosalind Franklin’s Photo 51, revealing DNA to be a double helix Rosalind Franklin’s Photo 51, revealing DNA to be a double helix
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library