User Account

All Pages

Participating in an independent private value auction

Assignment Help Business Economics
Reference no: EM131456941

You are one of five bidders participating in an independent private value auction. Each bidder perceives that all other bidders valuations for the item are evenly distributed between $50000 and $80000. For each of the following auction types, determine your optimal bidding strategy if you value the item at $75000.

a) First-price, sealed bid auction,

b) Dutch auction,

c) Second price sealed bid auction,

d) English auction.

Reference no: EM131456941

Questions Cloud

Dividend or to let carlson invest the money : what personal tax rate would make the investors equally willing to receive the dividend or to let Carlson invest the money?
Compute the expected rate of return on joness stock : Debt: Jones Industries borrows $600,000 for 10 years with an annual payment of $100,000. Determine the expected rate of return on Jones's stock.
Determine change in hhi : Suppose the two companies with 20% and 10% market shares. Determine change in HHI.
What did employee turnover cost ups and downs : Ups and Downs, Inc., a 4,000-employee organization, has a serious turnover problem, and management has decided to estimate its annual cost to the company.
Participating in an independent private value auction : Each bidder perceives that all other bidders valuations for the item are evenly distributed between $50000 and $80000.
What was his annual rate of return on this sculpture : Although appealing to more refined tastes, art as a collectible has not always performed so profitably. What was his annual rate of return on this sculpture?
Determining the joint product pricing : Each ton of ore mined from the ABC Mine produces 1 ounce of silver and 1 pound of lead. Marginal costs are $10 per ton of ore mined.
Considering the purchase of new plastic stamping machine : Big? Steve's, makers of swizzle? sticks, is considering the purchase of a new plastic stamping machine.
How changes in population affect the makeup of the workforce : Describe how changes in population affect the makeup of workforce. Differentiate similarities and differences between employment experiences of men and women.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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