Reserve worth , Game Theory

 

A reserve worth is that the minimum acceptable bid in an auction. If no bidder submits a bid higher than the reserve worth, the auctioneer keeps the item offered for sale. Alternately, in procurement auctions, a reserve worth is that the most acceptable bid. not like a minimum bid, a reserve worth might or might not be disclosed to the bidders and should amendment over the course of the auction.

 

Posted Date: 7/21/2012 5:04:25 AM | Location : United States







Related Discussions:- Reserve worth , Assignment Help, Ask Question on Reserve worth , Get Answer, Expert's Help, Reserve worth Discussions

Write discussion on Reserve worth
Your posts are moderated
Related Questions
A sealed-bid second worth auction during which participants every simultaneously submit bids. The auctioneer discloses the identity of the very best bidder who is said the winner.

Paired Prisoners' Dilemma Students can be paired off and instructed to play several ver-sions of a particular game with a prisoners' dilemma structure.Provide each pair with a

A strategy sometimes applied to repeated prisoner's dilemmas during which a player begins by cooperating however defects to cheating for a predefined amount of your time as a respo

Consider two identical firms, for each firm, the total cost of producing q units of output is C(q)=0.5q^2. The price is determined as P(q1,q2)- a-q1-q2. Estimate Cournots outcome;

Consider the Cournot duopoly model in which two rms, 1 and 2, simultaneously choose the quantities they will sell in the market, q 1 and q 2 . The price each receives for each uni

if the first three words are "the boy''s down" what are the last three words?


The strategic (or normal) kind may be a matrix illustration of a simultaneous game. for 2 players, one is that the "row" player, and also the different, the "column" player. every

the first three words are ''''the boys'' down''''. what are the last three words?

A method by that players assume that the methods of their opponents are randomly chosen from some unknown stationary distribution. In every amount, a player selects her best respon