Expected revenues for the different auction types
Course:- Microeconomics
Reference No.:- EM13700163

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Microeconomics

Consider an auction with 1,000 risk-neutral bidders. It is know that these bidders have affiliated values. Based on this information we know the expected revenues for the different auction types will be

A. English > Second-price, sealed-bid > First-price, sealed-bid = Dutch.

B. English = Second-price, sealed-bid = First-price, sealed-bid = Dutch.

C. First-price, sealed-bid = Dutch > English > Second-price, sealed-bid.

D. First-price, sealed-bid > Second-price, sealed-bid > English > Dutch.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium. 2-sketch a situation where preferences is not convex not st
Reread paragraph 1, why do you think Gladwell begins his evaluation of U.S News's college ranking system by discussing the system used by another magazine to rank cars? How is
As the employer who wants to reduce the production cost during the economic recession, he or she could choose to (1) lay off some workers without changing wages or (2) keep
If a firm hires 312 workers it produces 4,522 computers. If it hires 313 workers it produces 4,786 computers. If computers sell at a constant price of $1 and labor is hired at
Several states in the United States, including Wisconsin, Vermont, and Minnesota, also have such legislation. Many states require certain persons to report speci?c kinds
We know that indifferent curves can help people make decisions when choosing between various goods, and when choosing among work and leisure. Discuss other decisions that indi
How does your consumption of the two goods change? How does your response depend on income and substitution effects? Can you afford the bundle of soda and pizza you consumed b
Suppose a monopolist can purchase Labor at a price w = 36 and can purchase Capital at a price r = 25. The monopolist's production function is given by Q = L1/2K1/2. The dem