Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are competing for a rent with one rival. Your valuation and your competitor's valuation are private information. You believe that the other bidder's valuation is equally likely to lie anywhere in the interval between 0 and $5,000. Your own valuation is $2,000. Suppose that you expect your rival will submit a bid that is exactly one-half of his valuation. Thus you believe that your rival is equally likely to bid anywhere between 0 and $2,500 (depending on the realized valuation between 0 and $5,000).
a. Show that if you submit a bid of B, the probability that you win the contest is the probability that your bid B will exceed your rival's bid, and that this probability of winning is B/250.
b. Your expected profit from bidding B is [200 - B] x Probability of winning. Show that the profit-maximizing strategy consists of bidding half your valuation.
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd