How might you address this concern

Assignment Help Econometrics
Reference no: EM131048037

You're holding an auction to license a new technology that your company has developed. One of your assistants raises a concern that bidders' fear of the winner's curse may encourage them to shade their bids. How might you address this concern?

a. Release your analyst's positive scenario for the technology's future profitability.

b. Release your analyst's negative scenario for the technology's future profitability.

c. Use an oral auction.

d. All of the above

Reference no: EM131048037

Questions Cloud

How you currently buy or sell : How would you run the auction? Do a benefit-cost analysis of the auction relative to how you currently buy or sell.
What is the best estimate of the expected revenue : What is the best estimate of the expected revenue from the auction?
What are the key characteristics of the tv market in china : From and operations and supply chain perspectives what are the key characteristics of the TV market in China? What elements of the TV market are relevant and impact on the firm from the perspectives of the operations management decisions and design..
Which of the following is true about the winner''s curse : Which of the following is true about the winner's curse?
How might you address this concern : Release your analyst's positive scenario for the technology's future profitability.
Used effectively in a risk management program : Avoidance is a risk-control technique that can be used effectively in a risk management program.
Which of these is closest to the winning price : Which of these is closest to the winning price?
Which is a cross-functional business process : Which of the following is a cross-functional business process? A manufacturer of deep-sea oil rigs may be least concerned about which of these marketplace forces?
Different ways of conducting a private-value auction : different ways of conducting a private-value auction?

Reviews

Write a Review

Econometrics Questions & Answers

  Find percentage change in real income with index numbers

Assume that nominal income is $35,000 and the price index is 1.20 in year 1. In year 2, nominal income rises to $38,000 and the price index rises to 1.25. What was the percentage change in real income from year 1 to year 2? Make your calculations ..

  What is the marginal user cost in each period

Given a two period model and an inverse demand curve for a depletable resource is P= 10 - 0.2q and the Marginal Cost is constant and equal to 3. a)What is the static efficient level of consumption for the resource b)If the discount rate is zero

  By how much percentage price of renting an apartment to rise

The flexibility of the supply curve of rented apartments before the law was passed is 0.15 Before the law was passed, there was a rise in the demand for rented apartments, and this rise in demand caused a 30 percent rise

  Imagine the following independent sets of circumstances

Indicate the type of opinion you would render under each of above set of circumstances. Give reasons for your decision.

  How much are the trademark licensing rights worth

When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..

  What happens to the sales tax base between two years

The sales tax rate applied to all purchases within a state was 0.04 (4 percent) throughout 2006 but increased to 0.05 (5 percent) during all of 2007. The state government collected all taxes due, but its tax revenues were equal to $40 million each..

  Calculate the premium of the second policy

Suppose your company is considering three health insurance policies. The first policy requires no tests and covers all preexisting illnesses. The second policy requires that all covered employees test negative for the HIV virus.

  What is the deadweight loss cause by the insurance policy

suppose that an individuals demand curve for doctor visits per year is given bye the euqation p=100-25q, where q is the number of doctor visists per year and p is the price per visit. suppose also the that marginal cost of each doctor visit is $50..

  How many units will this firm produce in the short-run

Total Total Average Fixed Variable Total Total Marginal Quantity Cost Cost Cost Cost Cost 0 $40 0 40 X X 1 40 55 95 95 55 2 40 75 115 57.50 20 3 40 90 130 43.33 15 4 40 110 150 37.50 20 5 40 135 175 35 25 6 40 170 210 35 357 40 220 260 37.14 50 8 40 ..

  Construct percent confidence interval for population mean

A recent survey of 50 executives who were laid off from their previous position revealed it took a mean of 26 weeks for them to find another position. The standard deviation of the sample was 6.2 weeks. Construct a 95 percent confidence interval f..

  Explain how to arrive at that conclusion

the formula for AFC, AVC, ATC, MC, TR, MR The market price faced by this firm is $6.00 per widget. a. Fill in the formula for AFC, AVC, ATC, MC, TR, MR, and Total Profit b. Fill in the missing values for TFC, TVC, AFC, AVC, ATC, MC, TR, MR,

  How to derive an equation that relates average cost

A country produces manufactured goods, whose industry is characterized by increasing returns to scale, monopolistic competition, and firms that differentiate their products. Firms are symmetric all firms have identical costs functions and demand f..

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