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Author Question: Appendix: An incentive-compatible mechanism for revealing true willingness to pay in a private value ... (Read 155 times)

tth

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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

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

c

Answer to Question 2

d


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tth

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Reply #2 on: Jul 1, 2018
Thank you


ApricotDream

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Reply #3 on: Jul 1, 2018
No problemo


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