Title Use the equilibrium of the second-price, Dutch, and English auctions to construct incentive-compatible. Description Use the equilibrium of the second-price, Dutch, and English auctions to construct incentive-compatible direct selling mechanisms for each of them in which the ex post assignment of the object to bidders as well as their ex post payments to the seller are unchanged
Title Use the equilibrium of the second-price, Dutch, and English auctions to construct incentive-compatible. Description Use the equilibrium of the second-price, Dutch, and English auctions to construct incentive-compatible direct selling mechanisms for each of them in which the ex post assignment of the object to bidders as well as their ex post payments to the seller are unchanged
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter15A: Auction Design And Information Economics
Section: Chapter Questions
Problem 6E
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Use the equilibrium of the second-price, Dutch, and English auctions to construct incentive-compatible.
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Use the equilibrium of the second-price, Dutch, and English auctions to construct incentive-compatible direct selling mechanisms for each of them in which the ex post assignment of the object to bidders as well as their ex post payments to the seller are unchanged
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