+1-415-670-9189
info@expertsmind.com
Optimal bidding strategy in a dutch auction
Course:- Business Economics
Reference No.:- EM13795732




Assignment Help
Assignment Help >> Business Economics

Consider an antique auction where bidders have independent private values. There are two bidders, each of whom perceives that valuations are uniformly distributed between $100 and $1,000. One of the bidders is Sue, who knows her own valuation is $200. What is Sue's optimal bidding strategy in a Dutch auction?

Submit a bid of $150.

Submit a bid of $200.

Submit a bid that is less than $150.

Yell "mine" when the bid reaches $150.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Using the PESTEL method analyze/illustrate why The American Tobacco Company is no longer in the Dow Jones Industrial Average. In other words, which environment macro-environme
The Able Corporation is considering the installation of a small electronic testing device for use in conjunction with a government contract the firm has just won. Assume that
The local government does not directly charge their residents for collecting garbage. However, the city faces increasing marginal costs of MC=1+0.7Q per ton. Residents' market
What are some of the reasons that some countries that started off with a relatively low level of per capita GDP—like Japan, Korea, and China—are able to grow so much faster th
Consider the four key perspectives of a balanced scorecard: (1) The learning and growth perspective, (2) The business process perspective, (3) The customer perspective, and (4
If average worker produces $70,000 of GDP, by how much will GDP increase if re are 140 million labour force participants and unemployment rate drops from 5.2 to 4.5 percent.
Assume a two-country world containing country A (whose currency is the dollar) and country B (whose currency is the peso). In this context, and using relevant graphs, explain
In her keynote address at the 10th Annual Global Antitrust Enforcement Symposium, what did Chairwoman Ramirez say about using broad measures of industrial concentration—such a