Valuation truthfully is a weakly dominant strategy

Assignment Help Business Economics

Reference no: EM131161406

Consider a second price sealed bid auction. Throughout our discussion, we have assumed that bidders are risk-neutral. Suppose that bidders are risk-averse. Does it change our conclusion that bidding one’s own valuation truthfully is a weakly dominant strategy? Explain.

Reference no: EM131161406

Questions Cloud

Five brands that are running very successful campaigns : Research & write 2 to 3 pages on top five brands that are running very successful campaigns on social media. What are they doing different?

How much would you save by doubling the fixed payment : In the fixed rate example, how much would you save by doubling the fixed payment to $100 a month? Calculate the cost of credit using the following formulas. Show your calculations.

What is the most recently reported unemployment rate : Describe the economy of your state. What is the most recently reported unemployment rate? How has the number of payroll jobs changed over the last 3 months and over the last year? How does your state’s performance compare to the U.S economy’s perform..

Determine the values of ls and lp in henries : Determine the values of LS and LP in henries, given that the networks of Figure 21-63 are equivalent at a frequency of 250 krad/s.

Valuation truthfully is a weakly dominant strategy : Consider a second price sealed bid auction. Throughout our discussion, we have assumed that bidders are risk-neutral. Suppose that bidders are risk-averse. Does it change our conclusion that bidding one’s own valuation truthfully is a weakly dominant..

The amount of bending of the light into a material depend on : The amount of bending of the light into a material depends on the__- The wavelength of red light is:- The material surrounding the core of the optical wave-guide is called:

What is the project''s npv : Your company is considering a new project. The required equipment has a 3-year tax life, after which it will have zero salvage value. What is the project's NPV

How the intervention could be implemented in a chosen area : Over time, the CDC began to recognize that centralizing the support for evidence-based interventions (EBIs) for HIV prevention could help slow the epidemic in the US. EBIs are programs that have been developed in research settings, tested in expe..

Prepare a spreadsheet to present a cash flow forecast : Prepare a spreadsheet to present a cash flow forecast summary to a client for the forthcoming financial year. Make sure you include the company details and increasing cash balances. Include recomo nclations for the client in a statement.

User Account

All Pages