Author Question: What is the dominant strategy for bidders in an English oral auction? A) Keep bidding until all ... (Read 27 times)

dalyningkenk · **on:** Jul 1, 2018

What is the dominant strategy for bidders in an English oral auction?

A) Keep bidding until all other bidders quit, regardless of your reservation price.
B) Bid until the previous bid price equals the reservation price of the last bidder.
C) Bid until the first-price and second-price bids are equal.
D) Stop bidding once the price exceeds your reservation price.

Question 2

Job and pay disparity between men and women is explained fully by the job interruption that accompanies childbirth.

Indicate whether the statement is true or false