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
World Regional Geography: Regional geography is a branch of geography that studies the world's regions. A region itself is defined as a part of the Earth's surface with one or man

I could really use some help with this reading guide for Angel of Death - The story of smallpox by Gareth Williams. My dad had a stroke 2 days ago and he needs 24/7 care and my mom

How to walk though equation to find sidereal time

“The Internet has been linked both to increases and decreases in social capital (Ellison & Steinfield, 2007).” Using examples explain the preceding statement

Ask queConsider a potential gap in the literature that is emerging from your ongoing reading in your field of interest including no less than five specific research studies. Using

Question 1: (a) The practice of Counseling is referred to as a "Western Creation". Determine intersections of compatibility and/or incompatibility by comparing and contrastin

Question: (a) Describe the three methods of communication at the workplace and the principal advantages and disadvantages of each medium. Also explain the emerging role and imp

I am seeking help with my online criminal justice classes. I need to find and individual that is interested in a long-term position meaning approximately two-years. I need to find

Please reply to this first student response: How technology can improve online learning In this article "How Technology Can Improve Online Learning" Robert Mendenhall tells us more

Question: What is the Characteristics of Classical Civilization. Describe the following below given charcateristics Religion and Culture Military Social Class/Group dy