Expected revenues for the different auction types

Assignment Help Microeconomics
Reference no: EM13700163

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.

Reference no: EM13700163

Questions Cloud

Best motivational package : According to the career opportunities on their websites, what are some of the things that all three firms (Volkswagen, Volvo, and Ford) offer to motivate new employees? Which of the three has the best motivational package?
Explain why the presence or lack of profits might exist : Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..
Firm that makes car parts wants to adopt pay schemes : A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant.
Insufficient information to determine : Suppose option A has a higher variance than option B. Which of the following statements is, in general, true?
Expected revenues for the different auction types : 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
Efficiency expert hired by a manufacturing firm : You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $35, r = $100, MPL = 7, and MPK = 20 the firm:
Service and illustrate its market with supply-demand curves : Pick a good or service and illustrate its market with supply and demand curves. Explain what each curve represents and tell what (specifically) would shift each of the curves.
Her minimum monthly payments are loan considerations are : Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following 1 loan balances and APRs: Card 1, $4,500, 19%; Card 2, $5,700, 23%; and Card 3, $3,200, 15%. Interest..
Determine the current amount of money that must be invested : Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $12000 per year for 4 years, starting 11 years from now. The interest rate remains constant over this entire period of t..

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain monopoly

Suppose that due to a new government study, consumer preferences for chicken suddenly increase. In the model of consumer theory, this would be represented by, During the 1990s, some countries lifted price ceiling on eggs.

  Question about minimum wage

Assume government forced a minimum wage above what otherwise would be equilibrium wage rate for this segment of the labor market.

  How does the government budget deficit affect economy

how does a government budget deficit affect the economy? identify two periods in recent history in which the united

  Explain what are the consequences for the economy

Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supply curve. Central banks were very worried about the prospects for inflation becoming gener..

  Define japanese imports into the united states

Quotas imposed on Japanese imports into the United States tend to: penalize both U.S. consumers and Japanese consumers. benefit both U.S. consumers and Japanese consumers.

  What is the monopoly price of this new drink

Suppose that the market demand for a new drink is given by P = 30 – Q and the marginal cost to produce this new drink is $3. What is the monopoly price of this new drink? What price would this new drink sell for if it sold in a competitive market?

  Calculations of price elasticity

Demand for a managerial economics text is given by Q=20,000-300P. The book is initially priced at $30.00. Write the demand equation for which the price elasticity of demand is zero for all prices.

  Why are the results for refrigerators so different

Why are the results for refrigerators so different from those cigarettes. Explain very clearly.

  What is the ytd stock market return

Compute the growth rate of the dividend, g. (You can either compute the ROE*plowback ratio or compute the annual growth rate of dividends) e) Based on this information, what should the price of the stock be today using the constant-growth dividend d..

  Compute florences mrs of money for food

Compute Florence's MRS of all other goods for travel. (In other words, compute her MRS with travel on the horizontal axis.

  Analyzing disneyland stocks

Assume you are a stock market analyst specializing in the stocks of theme parks, and you are analyzing Disneyland's stocks. The Wall Street Journal reports that tourism has slowed down in the US.

  Describes the steady state of economy

Express output per worker (y=Y/L) as a function of capital per worker and the natural rate of unemployment and write an equation that describes the steady state of this economy.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd