Question

You are one of five risk- neutral bidders participating in an independent private values auction. Each bidder perceives that all other bidders’ valuations for the item are evenly distributed between $ 10,000 and $ 30,000. For each of the following auction types, determine your optimal bidding strategy if you value the item at $ 22,000.
a. First- price, sealed- bid auction.
b. Dutch auction.
c. Second- price, sealed- bid auction.
d. English auction.



$1.99
Sales0
Views177
Comments0
  • CreatedApril 18, 2014
  • Files Included
Post your question
5000