How do you think the strategies would change

Assignment Help Econometrics

Reference no: EM131161934

For this week's discussion, find and describe an example of a real-world auction. Briefly identify the participants and the rules of the auction along with the object(s) being auctioned. Then address the following questions:

Does one of the auction types that we have discussed fit your example well?

What are the differences between your real-world example and the textbook models, and what factors would the bidders need to consider when modifying their bidding strategy to account for the differences?

How do you think the strategies would change?

Reference no: EM131161934

Questions Cloud

What is the work function of material : In a photoelectric-effect experiment, it is found out that no current flows unless the wavelength is less than 449 nm. (a) What is the work function of this material?

How would go about completing the seven steps of process : Ventilation is a necessary process of almost any firefighting operation. The ability to remove smoke, heat and fire gases from a structure can greatly assist with the ability to find victims. It creates an environment more survivable for those vic..

Describe information systems architecture in terms of data : Apply the tools of systems analysis to describe the information system's architecture in terms of data, processes, interfaces, and network.

Minimum and maximum mass m : Two blocks of mass m and M are connected via pulley with a configuration as shown. The coefficient of static friction is μs, between block and surface. What is the minimum and maximum mass M so that no sliding occurs?

How do you think the strategies would change : For this week's discussion, find and describe an example of a real-world auction

Frictional forces and coefficient and friction : It's area contact will effect the frictional forces and coefficient and friction?

Basic model of customs : Explain clearly and with a graph the basic model of a customs union between the US and Mexico. Is such an arrangement always beneficial or are there conditions under which it is not. Explain

Theoretical breakthroughs : Physics makes significant contributions through advances in new technologies that arise from theoretical breakthroughs.Explain two advances?

Are differences between the two terms significant in cases : Supreme Court Justice, says that "Perhaps we could never succeed in intelligibly defining the kinds of matter we understand to be embraced within the shorthand description of battered woman's syndrome." Why not? Would you be able to formulate an e..

User Account

All Pages