Rules of the auction - bidding object, Other Subject

Assignment Help:

There are now a number of sellers from set M, and buyers from set N. Each seller j can deliver one unit of the good at some price cj ≥ 0whichisonly known to him, and each buyer i desires to buy at most one unit of the good, which she values at vi, only known to her.

1. Suppose there is only 1 seller. He runs an auction in which the winning bidder (the highest bidder) pays the price equal to the second-highest bid. If the seller wanted to make sure to not make a loss, what would he want to add to the rules of the auction?


Related Discussions:- Rules of the auction - bidding object

Technology, Why does Cowan believe it is important to examine technologies ...

Why does Cowan believe it is important to examine technologies in the context of technological systems? What advantage does this broader perspective give to planners? Give a specif

Basic informations, i want to about basic informations about pakistani famo...

i want to about basic informations about pakistani famous mousques

Discuss the causes of absenteeism taking into account, Problem: (a) Def...

Problem: (a) Define absenteeism and explain briefly how according to you it can cause problems at the workplace. (b) Critically discuss the causes of absenteeism taking into

Globalization and FDI, I need a 1200 words assignment on FDI in Nigeria .

I need a 1200 words assignment on FDI in Nigeria .

History, why are colonies useful to have if a nation is thinking about goin...

why are colonies useful to have if a nation is thinking about going to war?

COM/155 week 2 Assignment, The Writing Process Choose one of the following ...

The Writing Process Choose one of the following scenarios: Imagine that you are the parent or friend of a student having to write a series of essays for a high school English class

Strategic aims of the organisation, How could your organisation manage...

How could your organisation manage and develop people in a way that would support the strategic aims of the organisation? Notes and Assessment Criteria for this

Theory of moral development, Question 1: a) Briefly describe Carol Gil...

Question 1: a) Briefly describe Carol Gillighan's theory of Moral development. b) Explain the term 'autonomous morality' as put forward by Piaget and is usefulness in clas

Write a long note on the characteristics of a short story, Question 1 W...

Question 1 Write a long note on the characteristics of a short story 2 Write an analysis and a symbolic study of A Flowering Tree 3 Write a detailed note on Mulk Raj Anan

Write Your Message!

Captcha
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