How would you run the auction do a benefit-cost analysis of
Identify something you buy or sell that could be bought or sold using an auction. How would you run the auction? Do a benefit-cost analysis of the auction relative to how you currently buy or sell.
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a bidders value for a good may be low 2 medium 5 or high 7 there is an equal number of potential bidders having each
identify something you buy or sell that could be bought or sold using an auction how would you run the auction do a
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consider the problem above but now each bidder has a value of either 60 or 80 what reserve price should the auctioneer
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