Rules of the auction - bidding object, Other Subject

There are now a number of sellers from set M, and buyers from set N. Each seller j can deliver one unit of the good at some price cj ≥ 0whichisonly known to him, and each buyer i desires to buy at most one unit of the good, which she values at vi, only known to her.

1. Suppose there is only 1 seller. He runs an auction in which the winning bidder (the highest bidder) pays the price equal to the second-highest bid. If the seller wanted to make sure to not make a loss, what would he want to add to the rules of the auction?

Posted Date: 3/23/2013 3:04:16 AM | Location : United States







Related Discussions:- Rules of the auction - bidding object, Assignment Help, Ask Question on Rules of the auction - bidding object, Get Answer, Expert's Help, Rules of the auction - bidding object Discussions

Write discussion on Rules of the auction - bidding object
Your posts are moderated
Related Questions
Develop a clinical question relating to one of the patient care/nursing intervention in the case study using PICO format (problem, intervention, comparison of interventions, outcom

FIRS T VIRTUAL PAYMENT SYSTEM First Virtual Holdings was a company created in early on 1994 to facilitate Internet commerce. The first product present from First Virtual was a

Question: (a) Explain carefully the biological and physical aspects of ageing and explain the impact of these factors on the ageing individual. (b) Show the age-specific pro

Question 1 Write a long note on the direction of light, describing direct and indirect light, frontal lighting, side lighting and back lighting Question 2 Write a long not

Encryption in Digital Signatures Digital Certificates Work In physical transactions, the challenges of authentication, identification and privacy are solved with physical

# mention the aim of education in present scenario

Hello, I am writing to inquire about an English phrase I''ve heard once. What does it mean to go Anna Karenina on someone? Thank you in advance for answering my question.

reflect on this anecdotal phrase that one might hear, “I did that with my children and it worked fine for them.”

WHAT IS B2G E-COMMERCE? Business-to-government e-commerce or B2G is generally described as commerce between companies and the public sector. It refers to the licensing procedur