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

Visual basic 2010, How do I get stared? Do I start from the beginning of ch...

How do I get stared? Do I start from the beginning of chapter 1?

Theories of the contributors of behavioral school, Question: 1. Differe...

Question: 1. Differentiate administration and management. Explain the principles of management with example. 2. Describe the theories of the contributors of Behavioral schoo

Risk in digital currency - exchange risk, RISK IN DIGITAL CURRENCY Ex...

RISK IN DIGITAL CURRENCY Exchange risk Digital gold currency is a structure of agent money as it openly represents gold metal on drop or in custody, and denominated in un

IDIOMS, die a natural death

die a natural death

Distribution system design by using management science, The darby company m...

The darby company manufactures and distributes meters used to measure electric power consumption. the company started with a small production plant in El Paso and gradually built a

Case Study, Case Study using Replacement Analysis, Incremental analysis, se...

Case Study using Replacement Analysis, Incremental analysis, sensitivity analysis, breakeven analysis, and risk analysis

Innovation case study, a case study about innovation for design and techno...

a case study about innovation for design and technology

Servo motor, By definition, servo motors run using a control loop and requi...

By definition, servo motors run using a control loop and require feedback of some kind. A control loop uses feedback from the motor to help the motor get to a desired state (positi

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