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9. There are four agents who are trying to decide whether they will buy a publicly shared TV, of which the total cost is $200. The valuations of the TV are $30 for agent 1, $35 for agent 2, $70 for agent 3, and $70 for agent 4. Let c; be how much agent i will pay if the TV is purchased. Suppose C₁ = 20, C₂ C3 C4 = 60. According to Groves and Clarke mechanism, which one could not be the pivotal agent? A. agent 1 B. agent 2 C. agent 3 D. agent 4

9. There are four agents who are trying to decide whether they will buy a publicly shared TV, of which the total cost is $200. The valuations of the TV are $30 for agent 1, $35 for agent 2, $70 for agent 3, and $70 for agent 4. Let c; be how much agent i will pay if the TV is purchased. Suppose C₁ = 20, C₂ C3 C4 = 60. According to Groves and Clarke mechanism, which one could not be the pivotal agent? A. agent 1 B. agent 2 C. agent 3 D. agent 4

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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9. There are four agents who are trying to decide whether they will buy a publicly shared TV, of which the total cost is $200. The valuations of the TV are $30 for agent 1, S35 for agent 2, $70 for agent 3, and $70 for agent 4. Let c; be how much agent i will pay if the TV is purchased. Suppose c = 20, c2 = C3 = C4 = 60. According to Groves and Clarke mechanism, which one could not be the pivotal agent? A. agent 1 B. agent 2 C. agent 3 D. agent 4
Transcribed Image Text:9. There are four agents who are trying to decide whether they will buy a publicly shared TV, of which the total cost is $200. The valuations of the TV are $30 for agent 1, S35 for agent 2, $70 for agent 3, and $70 for agent 4. Let c; be how much agent i will pay if the TV is purchased. Suppose c = 20, c2 = C3 = C4 = 60. According to Groves and Clarke mechanism, which one could not be the pivotal agent? A. agent 1 B. agent 2 C. agent 3 D. agent 4
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